Greece’s budget execution showed a primary surplus of 2.65 billion euros in the 10-month period, according to the final data released by the Ministry of Finance (MoF) on Tuesday.
Greece’s trade deficit widened by 34.2 percent in September after a drop of 29.5 percent in August, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s unpaid taxes rose to 1.22 billion euros in October from 1.03 billion in September, according to data provided by the General Secretariat of Information Systems (GSIS) on Tuesday.
In its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.
Greece’s central government debt fell by 0.2 percent to 321.7 billion euros in the third quarter (Q3) of 2014 from 322.4 billion in Q2, according to the Finance Ministry’s debt bulletin.
Fitch affirmed Greece’s rating at ‘B’ with a stable outlook in its scheduled sovereign update on Friday, This was the second rating action by Fitch within 2014 following the upgrade by one notch with a stable outlook on May 23.
The Greek Finance Ministry (MoF) tabled in Parliament the 2015 budget on Friday, with the headline figures confirming what had recently been reported.
Greece's travel receipts grew for the fourth straight month by 10.9 percent to 2.28 billion euros in September, according to the Bank of Greece (BoG).
Greece's current account (C/A) balance posted a surplus for the fourth straight month in September, reaching 1.62 billion euros, up 67.3 percent year on year (YoY), according to the Bank of Greece (BoG).
The Finance Ministry (MoF) is expected to table in parliament the 2015 budget on Friday amid a stalemate in discussions with the troika. As things stand, the budget will be submitted without the troika’s approval as has happened for the last two years.