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Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance
EconomyMacroeconomyGreece’s budget primary surplus climbed to 2.68 billion in the first quarter of 2016 from 1.73 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammeTwo 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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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus tripled to 3 billion in the first two months of 2016 from 1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday.
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomyThe Greek government appears to have prepared proposals for a range of tax measures to discuss with the mission chiefs in Athens as efforts to close the programme review intensify.
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomyGreece’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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Unpaid taxes reach 86.3 bln, 60 pct racked up since crisis began in 2010
EconomyMacroeconomyThe 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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Budget primary surplus surges to 3.04 billion, extending outperformance
EconomyMacroeconomyGreece’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.
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General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros in January 2016 from 381 million last year, according to the Finance Ministry (MoF) gg bulletin published on Thursday.
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyConfirming preliminary data, Greece’s budget primary surplus improved to 1.19 billion in January from 443 million last year, the Finance Ministry (MoF) final budget bulletin showed on Friday.
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A closer look at 2015 revenues reveals size of hit they took
EconomyMacroeconomyThe General Secretariat of Public Revenues (GSPR) released for the first time an 8-page annual report detailing the evolution of the tax revenue items for 2015.