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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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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomy. The state budget primary surplus more than doubled to 4.45 billion euros in the 10-month period, from 2... million. The outstanding stock currently stands at 2.73 billion, making up 46.6 percent of total arrears. Hospitals’ arrears amount to 1.19 billion euros and accounting for 20.3 percent of total. They have
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomyby almost 2 billion euros to 326 million, while that for extrabudgetary funds fell by 289 million to 679... than half of total expenditure, while compensation of 3.89 billion accounts for 21.5 of the total... billion euros, making up 45.5 percent of total. They were followed by tax refunds of 1.12 billion (22.2
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General govt primary cash surplus at 2.25 bln in May, arrears rise
EconomyMacroeconomy. In contrast, subsidies rose by 53 million. Over half, or 51 percent of the total expenditure stems from... of the total figure. Arrears Arrears to the private sector (including tax refund arrears) rose in May... of hospitals (-57 million), local governments (-18 million) and state budget (-2 million
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General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
EconomyMacroeconomybillion while compensation of 16.22 billion euros accounted for 20.4 percent of the total. Arrears... and tax refund arrears by 11 million. Since the start of 2017, total arrears declined by 1.58 billion... the largest portion of overall arrears at 45.5 percent of the total, and stood at 1.51 million in December
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