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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomyGreece’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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New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
EconomyMacroeconomyGreece’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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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyGreece’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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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomyThe 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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Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
EconomyMacroeconomyGreece’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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Bill aims to encourage more electronic transactions in Greece
EconomyMacroeconomyThe Greek government tabled a multi-bill on Monday evening including the new frameworks for electronic transactions and undeclared income.
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New overdue taxes climb by 1.4 bln in October, total stock reaches 93.9 bln
EconomyMacroeconomyGreece’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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Revenues beat target for third successive month in November
EconomyMacroeconomyGreek budget revenues beat their target, albeit marginally, for the third straight month in November, General Secretariat of Public Revenues (GSPR) figures revealed on Tuesday.
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What the agreement between Greece and lenders means for fiscal and tax policy
EconomyProgrammeFollowing the first round of meetings between the Greek ministers and the institutions’ mission chiefs at the end of October, Finance Ministry sources said the biggest stumbling blocks in the second programme review were the fiscal gap, funding of the guaranteed minimum income (GMI) and labour market reforms.
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General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus expanded by 1.37 billion euros to 6.08 billion in the 10-month period of 2016 from 4.71 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday evening.