Building activity down 15.2 pct in Feb for sharpest drop since 2020
VAT and income taxes drive revenue and budget outperformance in April
EC reports highlight tight fiscal path and economic challenges
Travel surplus continues to grow in March, up 55 pct YoY in Q1
Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
Budget primary surplus falls to 1.1 bln in Q1, slightly above target
The budget primary balance recorded a surplus of 1.07 billion euros in the first quarter (Q1), which was 42.7 percent lower than the figure of 1.86 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
The year to date outperformance was trimmed substantially from 1.27 billion euros in the 2-month period to just 75 million in Q1 largely due to lower privatisation revenues since the payment of 1.23 billion for the concession of regional airports was no...
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