Budget primary surplus at 4.66 bln in 11-month as expenditure falls, revenues rise

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo by MacroPolis
Photo by MacroPolis

The budget primary balance recorded a surplus of 4.66 billion euros in the first 11 months of 2017, decreasing by 19.1 percent against last year’s figure of 5.76 billion euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Thursday.

The primary surplus surpassed its target for the first 11 months of the year, beating the goal by 1.58 billion euros. Primary expenditure came to 37.43 billion euros, 912 million euros below the target.

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