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Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July
EconomyMacroeconomyGreece’s budget primary surplus fell by 4.4 percent to 3.55 billion in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) final budget execution bulletin displayed... billion mainly reflecting strong underspend as primary expenditure came in 2 billion lower than target
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomyGreece’s budget primary surplus edged down 1.1 percent to 3.76 billion euros in the 8-month period...) preliminary budget execution bulletin displayed on Tuesday. The headline figure continues to outperform the target by 2.78 billion largely reflecting lower primary expenditure (by 2 billion) and revenue
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Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short
EconomyMacroeconomyThe budget primary balance came to a surplus of 4.81 billion euros in the first nine months of 2018, according to the preliminary budget execution bulletin for September published by the Finance... seen in August. The balance for the same month last year came to 998 million euros. The budget balance
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek... due to the pandemic. The draft budget also sees a bridging of the gap on the fiscal front, which... the pandemic’s impact. Despite the high degree of uncertainty, if these draft budget assumptions
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Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsinvasion. Officials are also alarmed that unleaded fuel prices have risen above 2 euros/litre... Ministry rewrites this year’s budget, any extra room to manoeuvre would clearly be welcomed by Athens. Budget The new revised budget for 2022 is due to be made public in April, when the Finance
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Inflation triggers political machinations, move to increase budget spending
PoliticsGreek PoliticsThe government is set to submit a supplementary budget that will allow it to increase spending by as much as 2 billion euros compared to the initial budget for 2022, underlining the pressure that New... government spending ceiling by 2 billion euros, although it is not a given that the full amount
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Newsletter 169 -06/07/2018
by the ENFIA tax. 2 New overdue taxes rise by 610 mln in May Total stock remains above 100 bln for fourth month... for review as part of the European Semester. Greece’s draft budget is due to be delivered to Brussels... of higher interest rates by 100 basis points and a primary surplus at 1.5 percent of GDP
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros... Ministry (MoF) budget execution data released on Wednesday. In the nine months of the year, the budget... budget, came to 36.3 billion euros. Net revenues came to 48.3 billion euros. The budget balance up
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Newsletter 154 -9/03/2018
came in below the Ministry of Finance’s (MoF) final budget estimate of 1.6 percent. The figure... percent. The MoF’s final budget for 2018 had anticipated exports of goods and services to rise by 6.9... the MoF’s own forecasts, following a substantial revision in the draft budget, the Ministry of Finance
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyGreece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more... budget bulletin released on Thursday. Note that the preliminary budget figures were published a week ago...) and higher Public Investment Budget (PIB) balance (by 1.11 billion) more than offsetting a revenue gap
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