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Revenues
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EconomyMacroeconomy
Household disposable income fell by another 2.3 pct in 2016, consumption down by 1 pct The Hellenic Statistical Authority (ELSTAT) released on Monday the annual non-financial sector accounts for 2016 along with revisions for 2014 and 2015, which also reflect recent revisions of national accounts in mid-October.
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PoliticsGreek Politics
Tsakalotos stands ground on taxes, finalises social dividend plan Finance Minister Euclid Tsakalotos used his speech to Parliament on Thursday concerning the draft budget to defend the government’s fiscal choices, which have often provided the opposition parties with cause to attack Prime Minister Alexis Tsipras’s administration.
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EconomyMacroeconomy
General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears Greece’s general government (gg) primary cash surplus amounted to 5.34 billion in the first nine months of 2017, up marginally (by 3 million euros) compared to the same time last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors The stock of unpaid social security contributions rose to 30.53 billion euros at the end of Q3 of 2017, up from 23.32 billion at the end of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears (KEAO) revealed.
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EconomyMacroeconomy
Budget primary surplus of 4.54 bln in 9-month below target despite underspend The budget primary balance was confirmed at a surplus of 4.54 billion euros in the first nine months of 2017, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
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EconomyMacroeconomy
Travel balance up by 18.5 pct in August as foreign arrivals increase Greece’s travel receipts increased by 16.4 percent in August compared to the 5.3 percent increase noted in July, Bank of Greece (BoG) data revealed on Tuesday.
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EconomyMacroeconomy
Primary cash surplus at 1.75 bln as expenditure rises in Sept Greece’s central government primary cash balance came to a surplus of 1.75 billion euros in the first nine months of 2017, compared to a surplus of 4.05 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Thursday.
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EconomyMacroeconomy
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds The budget primary balance recorded a surplus of 4.50 billion euros in the first nine months of 2017, increasing by 18.3 percent against last year’s figure, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
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EconomyMacroeconomy
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln Greece’s new tax debt rose to 1.07 billion euros in August, declining from July’s figure of 2 billion, the Independent Authority of Public Revenues’ (IAPR) data has revealed.
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EconomyProgramme
IMF still sees fiscal gap in 2018 - no action needed, for now During the regular cycle ahead of its Autumn meetings in Washington, the International Monetary Fund released the World Economic Outlook (WEO) and Fiscal Monitor (FM) which also include the Fund’s latest macro and fiscal estimates for Greece.