PBO highlights budget, recovery risks in latest report

EconomyMacroeconomy Tags: PBO
Photo by MacroPolis
Photo by MacroPolis

The quarterly report of Parliament’s Budget Office (PBO) raises some concerns on the budget front as developments over the last months have increased fiscal risks, although achieving the target of 3.5 percent of GDP for this year remains feasible.

More specifically, when applying the ESA methodology and the enhanced surveillance rules, the primary surplus over the first six months of the year is 2.1 billion euros lower than during the same period last year.

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