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  1. Government looks to review visit for nod on tax package
    Photo by MacroPolis

    EconomyProgramme

    its official creditors that the 3.5 percent primary surplus target this year is not at risk. Budget... of September, but the institutions do not seem open to extending the deadline further. 2020 budget... aspirations is the incorporation of the profits from Greek bonds in the ANFA and SMP schemes in budget

    2%

  2. Fourth review talks conclude with fiscal differences remaining
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    as the fourth post-programme moves on to the next stage. This involves a draft budget for next year..., the inclusion of the SMP and ANFA profits into the budget seems to be set aside at the moment..., and 2.1 percent for this year. Discussions on these topics will continue remotely as the draft budget

    2%

  3. Newsletter 226 -01/11/2019

    Newsletters

    , compared to 3.38 percent six months ago. In the draft budget tabled in Parliament earlier this month... to 'BB-' September budget primary surplus confirmed at 4.47 billion S&P raised on Friday its credit... than 20 percent of total debt, or less than 40 percent of GDP. The budget primary balance recorded

    2%

  4. General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    to the Finance Ministry’s (MoF) monthly gg bulletin. The surplus was led by the state budget primary... governments fell by 166 million euros to stand at 233 million euros. The breakdown of the state budget... by SSFs (+15 million) and state budget (+8 million). Declines were seen in tax refunds (-118 million

    2%

  5. GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    around 20 percent of the total. In the final budget for 2020 submitted to Parliament, the Ministry.... The 2020 budget anticipates gross fixed capital formation rising by 8.8 percent this year and by 13.4... receipts rose by 14 percent to 16.09 billion euros. According to the latest budget, exports of goods

    2%

  6. EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    government’s budget assumption of real GDP growth of 2.8 percent. Since 2016, when Greece essentially.... At the same time, this year’s budget after a moderate combination of tax cuts has little room for error and relies largely on hitting the budget’s growth estimate by people spending the additional disposable

    2%

  7. Study proposes higher public spending to counter expected rise in NPLs
    By Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    budget balance, the rate of change of business or consumer NPLs falls by between 0.11 percent to 0.36... in the required primary surpluses of the state budget for as long as necessary in order to support the economy... that the role of the budget balance and the state deficit budget on the development of NPLs should

    2%

  8. General govt primary cash deficit of 1.85 bln in Apr as revenues decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    million. Overall, the state budget primary balance showed a fall of 2.68 billion euros, landing at a deficit of 1.52 billion euros. The budget primary balance for the same time last year came... hospitals with a fall of 13 million euros. This was followed by state budget and local governments

    2%

  9. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    . Overall, the state budget primary balance showed a fall of 5.53 billion euros, landing at a deficit of 4.85 billion euros. The budget primary balance for the same time last year came to a surplus... budget and local governments (-37 million each). Hospitals fell by a slight 5 million, and local

    2%

  10. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    million. Overall, the state budget primary balance showed a fall of 6.36 billion euros, landing at a deficit of 6.10 billion euros. The budget primary balance for the same time last year came to a surplus... budget (-7 million) and extrabudgetary funds (-4 million). Since the start of the year, total arrears

    2%