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  1. Solid taxes and significant underspend push primary surplus 3.88 bln above target in Q1

    EconomyMacroeconomy

    target by 702 million. Overall, the PIB balance landed at a deficit of roughly 160 million euros

    4%

  2. Significant underspend and strong tax revenues push primary surplus to April above 5 bln
    Image: MacroPolis

    EconomyMacroeconomy

    , the PIB balance landed at a deficit of roughly 180 million euros. RRF related expenditures were 835

    4%

  3. Revenues continue beating targets in May, tight rein on spending remains
    Image: MacroPolis

    EconomyMacroeconomy

    . Overall, the PIB balance landed at a deficit of roughly 900 million euros. RRF related expenditures

    4%

  4. Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
    Image: MacroPolis

    EconomyMacroeconomy

    target by 137 million. Overall, the PIB balance landed at a deficit of roughly 1.6 billion euros

    4%

  5. Newsletter 471 - 18/07/2025

    Newsletters

    no. These numbers suggest that while the scandal may not yet be a knockout blow, it has landed

    4%

  6. Significantly contained spending pushes July primary surplus 4.36 bln above target

    EconomyMacroeconomy

    expenditure was 4.43 billion euros, below target by 18 million. Overall, the PIB balance landed at a deficit

    4%

  7. Underspend and taxes push primary balance up to Aug 3.77 bln above target

    EconomyMacroeconomy

    , the PIB balance landed at a deficit of roughly 2.3 billion euros. RRF-related expenditures were 2.05

    4%

  8. Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
    Finance Ministry

    EconomyMacroeconomy

    by 378 million. Overall, the PIB balance landed at a deficit of roughly 2.7 billion euros. RRF

    4%

  9. Budget underspend carries on in Oct as taxes continue to outperform

    EconomyMacroeconomy

    expenditure was 6.28 billion euros, below target by 656 million. Overall, the PIB balance landed at a deficit

    4%

  10. Budget continues to outperform in Nov as taxes beat target by 334 mln

    EconomyMacroeconomy

    . Overall, the PIB balance landed at a deficit of roughly 4 billion euros. RRF-related expenditures were

    4%