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Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
EconomyMacroeconomyThe budget primary balance recorded a surplus of 2.95 billion euros in March, according..., the primary balance outperformed by 822 million euros above the target. Expenditure, excluding interest... euros. The budget balance in March showed a deficit of 77 million euros, from a 220-million-euro
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Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach
EconomyMacroeconomyof a significant improvement in the central government balance, which essentially halved from 7.54... dropped sharply to 912 million in 2023, when it was 2.74 billion euros in 2022. The primary balance jumped in 2023 to 4.1 billion euros, from a near balance in 2022 when it stood at a surplus of 27
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Credit expansion grows by 4.5 pct in Mar, driven by corporations
EconomyMacroeconomymillion euros in February, with a mixed flows picture in the last few months. The outstanding balance pushed up to 117.4 billion euros. The corporate lending balance’s net monthly flow was positive... of credit to non-financial corporations was positive by 1.61 billion euros. The balance stood
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Corporate taxation, underspend lead to 3 bln primary surplus in March
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of close to 3 billion euros in March... Ministry (MoF) budget execution data released on Tuesday. In March, the budget primary balance..., came to 11.46 billion euros. Net revenues came to 16.82 billion euros. The total budget balance
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Credit growth unchanged in April at 4.5 pct, flow turns negative
EconomyMacroeconomyin the last few months. The outstanding balance dropped to 116.6 billion euros. The corporate lending balance’s net monthly flow was negative by 730 million euros, after a rise of 1.91 billion euros... by 298 million euros. The balance stood at 67.1 billion euros. Credit to insurance corporations showed
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Strong tax performance and underspend push primary surplus up to 3.15 bln in May
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.15 billion euros in May, according... balance outperformed by 2.35 billion euros above the target. Expenditure, excluding interest... euros. The budget balance up to May showed a deficit of 580 million euros, from a 1.12-billion-euro
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Credit expansion reaches just 66 mln of inflows in May
EconomyMacroeconomybalance dropped to 116.5 billion euros. The corporate lending balance’s net monthly flow..., the flow of credit to non-financial corporations was up by 78 million euros. The balance stood at 67.1.... This took the balance to 8.59 billion euros. Credit to sole proprietors was negative by 7 million euros
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Strong tax performance and underspend push 6M primary surplus to 1.7 bln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 2.9 billion euros by June, according... months, the primary balance outperformed by 1.7 billion euros above the target. Expenditure... 31.46 billion euros. The budget balance up to June showed a deficit of 2.26 billion euros, from
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Loans to businesses propel credit expansion of 6.1 pct YoY in June
EconomyMacroeconomymillion euros in May, with a mixed flows picture in the last few months. The outstanding balance rose to 119.66 billion euros. The corporate lending balance’s net monthly flow was positive by 3.16... to non-financial corporations was up by 2.63 billion euros. The balance stood at 69.58 billion euros
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Credit flow turns negative in July with outflow for corporations at 1 bln
EconomyMacroeconomy. The outstanding balance dropped to 118.53 billion euros. The corporate lending balance’s net monthly flow... lending, the flow of credit to non-financial corporations was down by 1.08 billion euros. The balance... million euros. This took the balance to 9.08 billion euros. Credit to sole proprietors was negative
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