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Draft budget for 2027 centred on strong surplus, selective support measures
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Industrial production jumps 5.8% YoY in Aug, led by electricity supply
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CPI accelerates to 5% YoY in Sep as energy dominates
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Trade deficit widens by 3.6% YoY in Aug, at 21.18 bln over eight months
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Volatile energy and bond markets tighten pressure on government
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Draft budget for 2027 foresees positive growth and fiscal outlook in uncertain times
General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
Greece’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.
The improvement is mostly attributed to an expansion of the extrabudgetary and social security funds’ surpluses by 1.5 and 1.46 billion euros respectively, coupled with a rise in the local government’s surplus by 318 million to 780 million.
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