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EconomyProgramme
World Bank sets out savings Greece can make from streamlining welfare benefits The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues in the first round of discussions on the second programme review between the Greek government and the institutions’ mission chiefs.
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EconomyMacroeconomy
Parliament's budget office sees obstacles to recovery, warns on private debt In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals.
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EconomyMacroeconomy
New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln Greece’s new tax debt rose by 1.35 billion euros in September after increasing by 1.37 billion in August, according to data published by the General Secretariat of Public Revenues (GSPR).
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EconomyMacroeconomy
Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues Greece’s budget primary surplus surged by more than 77 percent to 5.44 billion euros in the 9-month period of 2016 from 2.27 billion a year ago, according to the Finance Ministry (MoF) final budget execution bulletin published on Monday.
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EconomyMacroeconomy
PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget The Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4.
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EconomyMacroeconomy
Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance Greece’s budget primary surplus soared 77.5 percent to 5.45 billion euros in the 9-month period of 2016 from 2.27 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
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EconomyMacroeconomy
General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln Greece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.
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EconomyMacroeconomy
Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4 The Greek Finance Ministry announced ahead of schedule on Tuesday afternoon the revenue evolution for September, which showed a notable outperformance against the targets.
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EconomyMacroeconomy Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln The Finance Ministry (MoF) tabled in Parliament’s Economic Affairs Committee on Monday the 2017 draft budget, which contains its fiscal estimates and the interventions needed to achieve them, as well as the underlying macro assumptions.
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EconomyMacroeconomy
New overdue taxes climb 1.4 bln in Aug, total stock edges up to 91.6 bln Greece’s new tax debt climbed to 1.37 billion euros in August from 811 million in July, General Secretariat of Public Revenues (GSPR) data shows.