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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeGreece’s fifth enhanced surveillance review formally kicked off on Wednesday when the heads of mission started their meetings with the Greek authorities, following a week of preparatory work by the technical teams.
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Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyThe issue of public investment spending became a point of friction on Wednesday when the deputy minister responsible for fiscal issues claimed the previous government used creative means to make investment spending appear higher at state budget level than it was.
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Budget primary surplus at 4.96 bln in Dec, beating annual target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 4.96 billion euros across the twelve months of 2019, compared to a surplus of 91 million noted in December 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
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General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 8.84 billion euros in the first eleven months of the year, up by 1.18 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek PoliticsThe year ends with Greece being hit by a cold snap and high winds, but with the government planning to get 2020 off to a smooth and convincing start.
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Budget primary surplus confirmed at 6.95 bln in Nov
EconomyMacroeconomyThe budget primary balance showed a surplus of 6.95 billion euros in the first 11 months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the final Finance Ministry (MoF) budget execution bulletin showed on Friday.
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Budget primary surplus at 6.95 bln in Nov as expenditure drops
EconomyMacroeconomyThe budget primary balance recorded a surplus of 6.95 billion euros in the first eleven months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
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Government opts for modest tax relief, but who will benefit?
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EconomyFeaturesThe government tabled its much-anticipated tax relief package in Parliament on Tuesday night, making good on some of its pre-election pledges.
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October budget primary surplus confirmed at 5.74 bln
EconomyMacroeconomyThe budget primary balance recorded a surplus of 5.74 billion euros in the first 10 months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the final Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
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Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
EconomyMacroeconomyFollowing the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.