Greece: January-May 2016 State Budget Execution, & May 2016 arrears

Global Economic & Market Outlook – Focus Notes (Tuesday, July 21 2016)

Greece: January-May 2016 State Budget Execution, & May 2016 arrears

According to the final State Budget Execution Data for January  – May 2016 the budget balance recorded  a deficit of ca Euros 0.81 billion, improved relatively to the respective 2016 Budget  (B16) target  (deficit  Euros 3.88bn). The primary balance recorded  a surplus of ca  Euros 2.28 bn, significantly  outperforming  the B16 target (primary deficit of  ca Euros 0.82 bn)….

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GLOBAL FOCUS NOTE_July 12 BUDGET EXECUTION FINAL