July travel surplus of 2.14 bln affirms comeback for tourism sector
Rise in wages index slows to 2.5 pct in Q2 but hits six successive quarters of growth
Current account turns surplus in July as travel steps up
RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln
Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
The budget primary balance posted a surplus of 2.12 billion euros in the 2-month period of 2017, 25.6 percent lower than the respective figure of 2.85 billion in the corresponding period last year, the Finance Ministry’s (MoF) preliminary budget execution bulletin revealed on Tuesday.
This year’s primary surplus beat the target by 1.26 billion. This largely reflects primary expenditure coming in 866 million below the target, coupled with a gross revenue (revenues before tax refunds) outperformance of 517 million.
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