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05/07/2024

Monthly Information, May 2024

According to preliminary data, the state budget, excluding the direct impact of intervention measures, recorded a surplus of EUR 162 million in the first four months of 2024, which was lower than in the same period last year (EUR 292 million). The growth of “core” revenue (excluding intervention measures) was slightly higher on average in […]

04/18/2024

Assessment by the Fiscal Council: Assessment of budgetary documents for the 2024–2027 period

The general government deficit, excluding the intervention measures, is expected to remain at a similar level until 2027, after an increase to around 2.0% of GDP this year, despite the projected stable and relatively favourable macroeconomic conditions mirrored in general government revenue. The projected deterioration of the fiscal position this year is mainly due to […]

04/04/2024

Monthly Information, April 2024

The state budget was in deficit in the first three months of the year (EUR 379 million), according to preliminary data, excluding the direct effect of intervention measures amounting to EUR 278 million. In both comparisons, the deficit was higher than in the same period last year. Total revenue was 4.0% higher year-on-year on average […]

03/05/2024

Monthly Information, March 2024

According to preliminary data, in the first two months of 2024 the state budget recorded a surplus (of EUR 179 million), which amounted to EUR 253 million excluding the impact of various intervention measures. In both comparisons, the surplus slightly exceeded that recorded in the same period of the previous year. In the first two […]

02/05/2024

Monthly Information, February 2024

A key short-term risk to the sustainability of public finances is the renewed demands for public sector wage increases. It should be pointed out that measures taken in the past have maintained, on average, the real purchasing power of public employees at its pre-epidemic level, and large bonuses have been paid as part of the […]

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