MacroPolis

Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending

The budget primary balance was confirmed at a surplus of 2.29 billion euros in the first four months of 2018 compared to a surplus of 1.73 billion for the same period last year, the Finance Ministry (MoF) final budget execution bulletin for April showed on Thursday.

Travel surplus rises by 48.2 pct in March as receipts increase

​Greece’s travel balance rose by 48.2 percent year-on-year in March, recovering from a 135.2 percent drop noted in February, Bank of Greece (BoG) data revealed on Tuesday.

Primary cash surplus at 7.45 bln in April on revenue growth, lower expenditure

Greece’s central government primary cash surplus recorded a surplus of 7.45 billion euros in the first four months of the year, Bank of Greece (BoG) figures showed on Thursday.

Budget primary surplus at 2.33 bln in April on strong PIB underspend

The budget primary balance came to a surplus of 2.33 billion euros in the first four months of 2018, the Finance Ministry (MoF) preliminary budget execution bulletin for April showed on Monday.

Tourism accounts for 27.3 pct of Greek GDP in total, study shows

A study by the Greek Tourism Confederation (INSETE) has indicated that tourism was worth over one quarter of Greece’s GDP in 2017.

New overdue taxes up by 776 mln in March, total stock at 101.44 bln

Greece’s new tax debt increased by 776 million in March following a rise of 2 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) revealed on Monday.

General govt primary cash surplus at 2.58 bln in March as revenues rise

Greece’s general government (gg) primary cash surplus amounted to 2.58 billion in the first three months of 2018, up 519 million euros compared to the same time last year, according to the Finance Ministry’s monthly gg bulletin.

Greece’s unstable and confusing tax system failing to deliver results

A report by the diaNeOsis research and policy institute has painted a troubling picture of Greece’s taxation system as the country nears it programme exit.

Extra taxation did not increase revenues in 2017

By: Omaira Gill

Increases in tax rates across 2017 by the application of new tax scales and methods of calculation for tax payable by the self-employed did not lead to higher revenues for the government in 2017, according to the latest data from ELSTAT.

Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln

The budget primary balance was confirmed at a surplus of 2.37 billion euros in the first three months of 2018, up significantly against last year’s figure of 1.07 billion euros, the Finance Ministry (MoF) final budget execution bulletin for March showed on Tuesday.