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Fiscal issues top agenda as fourth post-MoU review gets underway
EconomyProgrammeThe fourth post-programme review is due to begin in Athens on Monday, with fiscal issues expected to top the agenda as the government prepared to include the tax cuts announced by Prime Minister Kyriakos Mitsotakis in the 2020 draft budget.
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgrammeFinance Minister Christos Staikouras is preparing to provide his eurozone counterparts with more details on Friday about the government’s fiscal plans, as set out by Prime Minister Kyriakos Mitsotakis at the Thessaloniki Expo over the weekend.
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Budget primary surplus confirmed at 1.76 mln in July as revenues overtake expenditure
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.76 million euros in the first seven months of 2019, compared to a surplus of 926 million noted in July 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
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Govt looks for ways to manage promised tax cuts as Mitsotakis continues European charm offensive
PoliticsGreek PoliticsA number of alternative scenarios are doing the rounds regarding the scope and timing of the government’s eagerly-awaited tax package.
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Budget primary surplus reaches 1.78 bln in July, almost double target
EconomyMacroeconomyThe budget primary surplus reached 1.78 billion euros in the first seven months of 2019, compared to a surplus of 926 million in the same period last year, preliminary budget execution data from the Finance Ministry (MoF) showed on Friday.
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Budget primary surplus confirmed at 381 mln in June
EconomyMacroeconomyThe budget primary balance recorded a surplus of 381 million euros in the first six months of 2019, compared to a deficit of 46 million noted in June 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Thursday.
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Budget primary surplus at 382 mln in June
EconomyMacroeconomyThe budget primary balance recorded a surplus of 382 million euros in the first six months of 2019, compared to a deficit of 46 million noted in June 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
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Budget primary surplus confirmed at 916 mln in May on higher expenditure
EconomyMacroeconomyThe budget primary balance recorded a surplus of 916 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomyThe budget primary balance recorded a surplus of 918 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeGreece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.