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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyexpenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... lower than the target. Indirect taxes rebounded 11.2 percent to 2 billion in August, outperforming... and the Ionian), beating the monthly targets by 50-170 percent that led to an outperformance of the total
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Newsletter 93 - 21/10/2016
coupled with a higher increase of 2 percent in mining and quarrying turnover. Despite the modest... accounted for less than 39 percent of total hirings, which is by far the lowest reading in the course... percent, while mining and quarrying turnover expanded at a higher pace of 2 percent. However
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyin consumption tax to 6.34 billion, while VAT revenues also rose by 2 percent to 11.86 billion. On a monthly... reached 1.27 billion. The MoF is targeting privatisation revenues of around 2 billion euros... the target by 155 million. Overall, in the first nine months of the year, expenditure increased by 2
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GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
EconomyMacroeconomythe majority of GDP, making up around 89 percent of the total figure in Q2, with private consumption... percent of the total. In its Medium Term Fiscal Strategy (MTFS) for 2020-2023, the Ministry of Finance... that in June, international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2... seen closing the fiscal gap. Incorporating all fiscal interventions, total revenues in 2020 will reach 54.13 billion, from 54.31 billion in 2019. Total expenditure will reach 57.05 billion euros, from
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Newsletter 336 - 06/05/2022
that the authorities submitted to Brussels last week. The deficit will only stretch to 2 pct of GDP... above 2 pct of GDP in the two subsequent years to 2025. This leads to a consistent downward path... conditions were evident in the steeper yield that exceeded 2 pct, drawing just 1.5 billion euros from just
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Newsletter 376 - 31/03/2023
. The first Sunday of that month, July 2, is seen as the cut-off point for a second election..., which is expected to take place on May 2, will determine whether Ellines, the party of jailed Golden... will be dissolved anew by May 31, and new elections declared for July 2. The second contest would take place under
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Newsletter 387 - 30/06/2023
in the new government is 53, with 45 pct of members in their 40s. There are a total of 15 women serving... outperformance of 2 billion euros up to May thanks to VAT and income taxes beating targets. However... dropping below 2 pct, it might struggle to continue pushing back on that front and fiscal space might get
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Deposit flow turns negative with outflows of 681 mln in Oct
EconomyMacroeconomy). Since December 2014, when the country entered into a period of political instability, total... (7.63 billion) and June (7.58 billion). Total deposits - which also incorporate general government... at the end of October. On top of private sector, the total deposit negative flow incorporates gg
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Newsletter 53 - 27/11/2015
institutional book buildings, raising a total amount of 5 billion euros and boosting their capital base... that Alpha and Eurobank will have covered their total capital shortfall, while NBG and Piraeus will have to seek state aid worth 5.7 billion in total. Despite the successful outcome of the capital
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