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EconomyMacroeconomy
With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP The Finance Ministry tabled on Thursday the 2014 budget to Parliament without the final approval of the troika since discussions between the two sides on next year’s fiscal gap and other matters have not yet been concluded.
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EconomyMacroeconomy
October budget revenues beat target by 24% but gg arrears reach 2.47 bln in 2013 The Greek general government (gg) cash deficit to September fell by 42.3 percent to 5.50 billion with the gg cash primary surplus landing at 3 million from 434 million, the Ministry of Finance (MoF) said on Tuesday.
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EconomyMacroeconomy
2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct The Ministry of Finance (MoF) tabled the 2014 draft budget to the Greek parliament on Monday with headline figures confirming recent press reports. As was broadly expected, 2014 will be another year of ambitious budget consolidation with a further cut in primary expenditure by 2.77 billion year on year (yoy) and a revenue increase of 2.55 billion yoy.
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EconomyMacroeconomy
General government bottom line continues to improve with moderate decrease in arrears The Greek general government (gg) cash deficit to August fell by 60.7 percent to 3.87 billion with the gg cash primary surplus rising by 12.7 percent to 1.78 billion, according to the Ministry of Finance (MoF). State arrears to the private sector retreated 2.0 percent month on month (mom) and 25.8 percent (2.29 billion) since the beginning of the year.