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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyGreece’s budget primary surplus significantly widened to 3.53 billion euros in the 7-month period... budget bulletin published on Thursday. This means that the primary surplus in July reached 1.65 billion...), higher Public Investment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyGreece’s budget primary surplus reached 3.71 billion euros in the 7-month period of 2015 showing an improvement by around 1.83 billion month on month (MoM), according to the final budget bulletin... Investment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than 300 million) more than
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Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August
EconomyMacroeconomyitems included in the Finance Ministry (MoF) budget execution bulletin are reported on a modified cash... that BoG and MoF figures are not directly comparable. That said, the budget primary surplus of 3.8.... This largely stems from higher budget revenues (by 1.26 million) and expenditure (by 200 million) and change
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Greek pensions: The unsolvable equation
Agoraof measures were legislated that have a full year effect of 1.1 billion euros, according to the budget... is well illustrated in the first budget that George Papandreou’s government submitted at the end... were 9.7 billion euros but the figure was estimated to reach 12.9 billion in 2009 and the budget
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the budget execution that has to be cut and ascertains the fiscal impact from a potential slower growth... government budget execution. If there is a divergence from the target between 0.26 and 0.75 percent... will be imposed automatically by cutting with a similar rate of the total budget expenditure excluding
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Justice can't be blind to facts in 2009 deficit case
Agora, into the general government budget, and that the deficit was inflated to make sure that Greece would... measures demanded by lenders. For starters, whether the DEKOs should have been included in the budget... the 2009 budget to Parliament. It estimated growth of 5.9 percent of GDP and a state deficit of 8.8
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomyby 56 million to 102 million. On the other side of the spectrum, the surplus of the state budget... terms though, state budget remains the major contributor to the overall gg balance. According... in the previous month. It should be pointed out that in the July budget execution bulletin, MoF noted it paid
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Newsletter 96 - 18/11/2016
Finance Ministry due to table the 2017 budget early next week Seasonally adjusted GDP at constant... billion, according to Finance Ministry preliminary budget execution figures published on Monday.... In addition, the Public Investment Budget (PIB) recorded a deficit of 151 million in October and 256
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Greece and lenders make headway on review but labour reforms remain biggest obstacle
EconomyProgrammeEuclid Tsakalotos on fiscal issues, particularly the 2017 budget. Specifically, Finance Ministry sources... on the measures of the 2017 budget, which is due to be tabled on Monday at 6 pm. According... the draft budget tabled on October included a slightly higher figure of 1.8 percent of GDP. Finance
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Newsletter 97 - 25/11/2016
Budget forecasts exceed targets Labour market reform remains thorniest issue in negotiations with lenders Tabled in Parliament on Monday, the 2017 budget contains higher fiscal forecasts for 2017... percent next year, above the fiscal targets of 0.5 and 1.75 percent, respectively. The budget outlines
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