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EconomyMacroeconomy
Travel balance posts surplus of 3.15 bln in H1 2017 The balance of travel services came to a surplus of 3.15 billion euros for the first half (H1) of the year, Bank of Greece (BoG) figures showed.
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EconomyMacroeconomy
Draft budget highlights taxpayer fatigue, creates policy mix doubts The draft 2018 budget submitted to Parliament on Monday is the first formal confirmation by the Finance Ministry that revenues figures are starting to reveal signs of fatigue among taxpayers.
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EconomyMacroeconomy
General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln Greece’s general government (gg) primary cash surplus rose by 509 million euros from the previous year to 4.51 billion in the first eight months of 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
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PoliticsGreek Politics
Coalition banks on surplus transfers, waits for Hellenikon verdict The government is hoping that the distribution of an ample excess primary surplus from this year’s fiscal overperformance will help it win the public relations battle over the draft 2018 budget, which was submitted to Parliament on Monday.
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EconomyMacroeconomy
Draft budget sees stronger growth, fiscal targets being met The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
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EconomyProgramme
Early banks stress tests offered as Greek programme compromise It appears that European lenders are trying to remove one of the potential stumbling blocks to Greece’s programme, which was the dispute over whether Greek banks need another round of asset quality reviews (AQRs) or not.
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EconomyMacroeconomy
Budget primary surplus at 3.54 bln in August, 29 mln off target on tax refunds, low revenues The budget primary balance was confirmed at a surplus of 3.54 billion euros in the first eight months of 2017 against last year’s figure of 2.12 billion euros, the Finance Ministry’s (MoF) final budget execution bulletin showed on Monday.
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EconomyMacroeconomy
Primary cash surplus falls to 276 mln surplus at end of August amid revenue decline Greece’s central government primary cash balance came to a surplus of 276 million euros in the first eight months of 2017 against a surplus of 2.41 billion euros for the same time last year, Bank of Greece data revealed.
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EconomyMacroeconomy
Budget primary surplus at 3.55 bln in 8-month, below target on lower revenues, higher tax refunds The budget primary balance recorded a surplus of 3.55 billion euros in the first eight months of 2017, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Thursday.
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PoliticsGreek Politics
Third review seen taking longer than Athens had hoped Discussions between Greek government officials and members of the technical teams dispatched to Athens by the institutions continued on Wednesday, amid suggestions that the coalition’s hopes of a swift conclusion to the review are likely to be dashed.