Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The budget primary surplus was confirmed at 1.94 billion euros in the first half of 2017, up by 18.6 percent from last year’s figure of 1.63 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.

The headline figure beat the target by 1.51 billion euros due to a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled with higher than targeted Public Investment Budget (PIB) balance and slightly higher ...

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