High energy prices fuel uncertainty on fiscal front
Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
Deposit rise of 1.3 bln in May led by corporates as household savings drop
Economic sentiment drops by 3.7 pts in June as all components deteriorate
Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
Greece’s total tax revenues as a percentage of GDP remained virtually unchanged at 33.5 percent in 2013 from 33.7 percent in 2012, according to the latest OECD Revenue Statistics report.
The Greek ratio is slightly below the OECD average of 34.1 percent, in line with that of Portugal (33.4 percent) and slightly above that of Spain (32.6 percent).
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