84% of the budgeted resources were used in the first half of the year

84% of the budgeted resources were used in the first half of the year

▪️ The budget deficit decreased

🔹 In the first six months of this year, 84% of the budgeted amounts were used. Last year, the corresponding figure was about 24%, while this year it dropped to 16%.

🔹 Despite oil export restrictions and embargoes, the rise in oil prices helped generate considerable revenue from oil sales during the first half of the year.

🔹 Compared to the corresponding period last year, the budget deficit in the first half of the year decreased by 8 percentage points.

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