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New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
EconomyMacroeconomyGreece’s new tax debt rose at slightly higher pace of 754 million euros in April after increasing by 658 million in March, the Independent Authority of Public Revenues (IAPR) data revealed on Wednesday.
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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed.
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Greeks tending to shop less often and opt for local products
SocietyRecent research by the Athens University of Business and Economics showed that the crisis has made Greeks more inclined to prefer products made in Greece.
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyThe budget primary surplus was 928 million euros above target on strong underspend, the Finance Ministry’s (MoF) final budget execution bulletin showed.
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Finance Ministry ups 2017 budget primary surplus estimates on higher revenue projections
EconomyMacroeconomyIn addition to fiscal forecasts and interventions for the coming years, the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 has updated state budget estimates for 2017.
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyThe budget primary balance posted a surplus of 1.74 billion euros in the 4-month period of 2017, down by 9 percent from last year’s figure of 1.9 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Monday.
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeThe government tabled in Parliament on Saturday night the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 as the last article in the 275-page multi-bill containing the measures needed for the conclusion of the second programme review.
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyThe recovery of the Greek economy is expected to restart this year, largely on the back of improving consumer and investor sentiment, the European Commission (EC) noted in its spring economic forecasts published on Thursday.
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeThe updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in Handelsblatt on Monday evening.
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus dropped by 1.17 billion euros to 2.04 billion in the first quarter (Q1) of 2017 from 3.22 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Friday.