With regard to the real sector, according to preliminary estimates, average growth of real GDP amounted to 5.2% in Q1 2018. In Q1, average annual inflation totaled 3.3%, which slightly exceeds the National Bank target (3%).
Concerning the fiscal sector, in Q1 2018, consolidated budget revenues increased by 6.5% YoY, while expenses and acquisition of non-financial assets rose by 9.9%. As of Q1, public debt in nominal terms increased by 13.5% YoY. Domestic debt grew by 8.8% YoY, while external debt – by 14.2%.
As for the external sector dynamics, in Q1 2018, external trade of goods was 23% higher YoY,