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Revenues
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EconomyMacroeconomy
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016 Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
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EconomyMacroeconomy
General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln Greece’s general government (gg) primary cash surplus grew by 1.4 billion euros to 6.4 billion in the 11-month period of 2016 from 5 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Tuesday.
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EconomyMacroeconomy
New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln Greece’s new tax debt rose at a slower pace of 890 million in November from 1.4 billion in October, according to the General Secretariat of Public Revenues (GSPR) data.
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EconomyMacroeconomy
Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance Greece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
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EconomyMacroeconomy
Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows The significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday.
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EconomyMacroeconomy
Primary cash surplus to Nov at 3.6 bln, including arrears repayment of 3.4 bln Greece’s central government primary cash surplus dropped to 3.58 billion euros in the 11-month period of 2016 from 4.48 billion in the corresponding period last year ago, Bank of Greece (BoG) figures showed on Monday.
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EconomyMacroeconomy
Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance Greece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday.
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EconomyMacroeconomy
Bill aims to encourage more electronic transactions in Greece The Greek government tabled a multi-bill on Monday evening including the new frameworks for electronic transactions and undeclared income.
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EconomyMacroeconomy
New overdue taxes climb by 1.4 bln in October, total stock reaches 93.9 bln Greece’s new tax debt increased by 1.4 billion in October after a broadly similar rise of 1.35 billion in September, the General Secretariat of Public Revenues (GSPR) data revealed on Thursday evening. It is highlighted that new overdue taxes stand above the 1.3-billion mark for the third straight month.
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EconomyMacroeconomy Revenues beat target for third successive month in November Greek budget revenues beat their target, albeit marginally, for the third straight month in November, General Secretariat of Public Revenues (GSPR) figures revealed on Tuesday.