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Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln The rate of increase in unpaid social security contributions (SSCs) almost doubled quarter on quarter (QoQ) to 831 million in Q2 from 429 million in the previous quarter.
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EconomyMacroeconomy
Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5 percent from the 1.88 billion recorded in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
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EconomyMacroeconomy
General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend Greece’s general government (gg) primary cash surplus substantially widened by almost 5.5 times to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry (MoF) gg bulletin displayed on Thursday.
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EconomyMacroeconomy
Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May Greece’s budget primary surplus was confirmed at 2.28 billion euros in the 5-month period of 2016, which was significantly higher than last year’s figure of 1.51 billion, according to the Finance Ministry’s (MoF) final budget execution bulletin released on Monday.
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Economy
Study estimates tax evasion costs taxpayer up to 16 bln annually Tax evasion in Greece is estimated to range from 6 to 9 percent of GDP, involving tax losses from 11 to 16 billion a year – the equivalent of almost one third of public revenues – according to a new study conducted by Ernst and Young for the Athens-based think tank Dianeosis.
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EconomyMacroeconomy
General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln Greece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros in the 4-month period of 2016 from 581 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
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EconomyMacroeconomy
Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues Greece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.
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EconomyMacroeconomy
Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes The multi-bill tabled in Parliament on Wednesday evening included a set of parametric fiscal measures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions that Greece has to make by 2018 as part of the first programme review.
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EconomyMacroeconomy Primary cash surplus improves to 2.93 bln at end of April Greece’s central government primary cash balance significantly widened to 2.93 billion eurso in the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank of Greece (BoG) figures
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EconomyMacroeconomy
Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending Greece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget execution bulletin published on Thursday.