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Budget
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EconomyMacroeconomy
Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect The 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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EconomyProgramme
EC warns budget not on track due to handouts, advises against further underspend Greece’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.
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EconomyMacroeconomy
Budget primary surplus confirmed at 1.46 bln in April, above target by 2.31 bln on higher revenues The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) final budget execution bulletin confirmed on Monday.
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EconomyProgramme
Athens warned about missing fiscal targets rather than changing them unilaterally Thursday’s Eurogroup resulted in a warning from European Stability Mechanism managing director Klaus Regling that Greece may miss its primary surplus target this year as a result of the so-called positive measures adopted.
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EconomyProgramme
Finance Ministry, Stournaras disagree over fiscal space for expansionary measures The Greek government is in an awkward position regarding the expansionary fiscal measures announced by Prime Minister Alexis Tsipras last week and adopted by Parliament on Wednesday.
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EconomyMacroeconomy
Budget primary surplus at 1.46 bln in Apr, above target by 2.13 bln The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Wednesday.
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EconomyProgramme Athens plans to use cash buffer to create fiscal leeway for expansionary measures The package of expansionary measures announced by Prime Minister Alexis Tsipras on Tuesday is due to be covered by the fiscal space the government expects over the coming years but also creates some doubt about the primary surplus targets agreed with the lenders.
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EconomyMacroeconomy
Budget primary surplus at 1.46 bln in Mar, beating target by 2.42 bln The budget primary balance recorded a surplus of 1.46 billion euros in the first three months of 2019, compared to a surplus of 1.88 billion noted in March 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
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EconomyMacroeconomy
General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln Greece’s general government (gg) primary cash surplus came to 2.91 billion euros in the first two months of the year, down by 272 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Primary surplus confirmed at 822 mln in Feb The budget primary balance was confirmed at a surplus of 822 million euros in the first two months of 2018, down significantly against last year’s figure of 2.70 billion euros, the Finance Ministry (MoF) final budget execution bulletin for February showed on Tuesday.