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EconomyMacroeconomy
New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month nth rise came to 377 million in July, slowing from June’s rise of 428 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
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EconomyFeatures
Greece tops OECD countries for tax rises and spending cuts The Organisation for Economic Cooperation and Development’s (OECD) latest report on tax policy reforms has highlighted the extent of increased taxation in Greece in recent years.
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EconomyMacroeconomy
General govt primary cash surplus at 2.82 bln in July, arrears unchanged Greece’s general government (gg) primary cash surplus came to 2.81 billion euros in the first seven months of the year, down by 1.33 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure The budget primary balance was confirmed at a surplus of 2.05 billion euros in the first seven months of 2018, the Finance Ministry (MoF) final budget execution bulletin for July showed on Friday. Last year’s figure for the same period came to 3.02 billion.
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EconomyMacroeconomy
Travel balance increases by 16 pct in June and 19.5 pct in first half of year Greece’s travel balance rose by 16 percent in June, slowing from an increase of 38.2 percent in May, Bank of Greece (BoG) data revealed on Tuesday.
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EconomyMacroeconomy
July primary cash surplus at 6.75 bln as revenue rise outstrips expenditure Greece’s central government primary cash balance recorded a surplus of 6.75 billion euros in the first seven months of the year, Bank of Greece (BoG) figures have shown.
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EconomyMacroeconomy
Budget surplus beats July target on lower investment spending as tax refunds fall short Greece’s budget primary balance came to a surplus of 2.09 billion euros in the first seven months of 2018, according to the July preliminary budget execution bulletin published by the Finance Ministry (MoF) on Tuesday.
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EconomyMacroeconomy
Unpaid contributions rise to 33.86 bln as more legacy debtors added The stock of unpaid social security contributions (SSCs) increased to 33.86 billion euros in the second quarter (Q2) of 2018, increasing by nearly 2 billion compared to the figure of 31.87 billion euros registered in the first quarter (Q1) of the year, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
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EconomyMacroeconomy
General govt primary cash surplus at 1.45 bln in June as expenditure picks up Greece’s general government (gg) primary cash surplus came to 1.45 billion euros in the first six months of the year, down by 1.15 billion euros compared to the first half of 2017, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyProgramme
Last bailout tranche just days away as pension discussion looms All the hurdles have been cleared for Greece to receive the last tranche of the third and final bailout as focus shifts to the discussions that Athens is due to have with the institutions in the coming weeks, particularly on the issue of next year’s pension cuts.