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Revenues
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EconomyMacroeconomy
General gov't figures shed more light on course of spending, revenues during crisis The release of the 2015 detailed general government figures by the Hellenic Statistical Authority (ELSTAT) revealed some interesting findings on the evolution of the annual key figures.
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EconomyMacroeconomy
General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln Greece’s general government (gg) primary cash surplus almost tripled to 3.22 billion euros in the first quarter (Q1) of 2016 from 1.1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
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EconomyMacroeconomy
Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1 Greece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros, which was 940 million higher than last year’s figure of 1.73 billion, according to the Finance Ministry’s final budget bulletin.
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Economy
Overdue contributions rise by 429 mln to 15.78 bln in Q1 Unpaid social security contributions increased by another 429 million euros quarter on quarter (QoQ) to 15.78 billion at the end of the first quarter (Q1) of 2016, the quarterly bulletin of the Center for the Collection of Social Security Arrears (KEAO) displayed on Wednesday.
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EconomyMacroeconomy
Primary cash surplus widens to 2.85 bln in Q1 Greece’s central government primary cash balance improved to 2.85 billion euros in the first quarter (Q1) of 2016 from 1.19 billion last year, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyProgramme
EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus Two separate draft documents for the conclusion of the ongoing review were published over the weekend in the Greek media that demonstrate broad convergence in the overall conditionality between the eurozone institutions and the International Monetary Fund on the key policy measures and actions.
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EconomyMacroeconomy
Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues Greece’s budget primary surplus for the first two months of 2016 was confirmed at 3.04 billion euros from 1.24 billion last year, according to Wednesday’s Finance Ministry (MoF) final budget bulletin displayed.
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EconomyMacroeconomy
Primary cash surplus quadruples to 2.09 bln in first two months of 2016 Greece’s central government primary cash balance showed a 2.09 billion-euro surplus in the 2-month period of 2015, which is four times higher than last year’s figure of 503 million, Bank of Greece (BoG) figures displayed on Wednesday.
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EconomyMacroeconomy
Unpaid taxes reach 86.3 bln, 60 pct racked up since crisis began in 2010 The annual report of the General Secretariat of Public Revenues (GSPR) revealed that 60 percent of the outstanding tax debt of 86.3 billion was created during the crisis years. In specific, 40.2 percent of unpaid taxes was created before 2011, 44.4 percent within 2011-2014 and 15.4 percent in 2015.
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EconomyMacroeconomy
Budget primary surplus surges to 3.04 billion, extending outperformance Greece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.