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Photo by MacroPolis New Democracy tax pledges put spotlight on available fiscal space

Following the announcement by Prime Minister Kyriakos Mitsotakis on Saturday of immediate tax cuts, with others to follow, focus is turning to the government’s ability to find the fiscal space necessary to implement the measures while also meeting the primary surplus target for this year and 2020.

Photo via Flickr Industrial turnover drops by 2.3 pct in May

Greece’s industrial turnover fell by 2.3 percent year-on-year (YoY) in May compared to a rise of 13.4 percent in April, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.

Photo by MacroPolis Primary cash balance at deficit of 24 mln in Jun

Greece’s central government primary cash balance recorded a deficit of 24 million euros in the first six months of the year according to figures released by the Bank of Greece (BoG).

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