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  1. Newsletter 23 - 17/04/2015

    Newsletters

    been since December 2012. March's figure is the highest reading since January 2013. Budget primary surplus rises Greece’s budget primary surplus rose to 1.74 billion euros, up 12.6 percent, at the end... expenditure (by 1.18 billion) and higher public investment budget (PIB) surplus (by 856 million

    2%

  2. General gov't primary surplus halves in Q1, arrears and guarantees jump

    EconomyMacroeconomy

    of Finance (MoF). The breakdown among the four key gg entities showed mixed trends. The budget primary... only showed a primary cash surplus of 173 fully attributed to budget, which posted a surplus of 784... million), local governments (+56 million), extrabudgetary funds (+35 million) and state budget (+29

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  3. Have inflation "repay" Greek debt and growth reduce indebtedness

    Agora

    to Greece’s budget would be very limited. Put differently, such a haircut would be the least attractive...) the benefit to Greece’s budget would be minimal. Alternatively, Greece could assume the following position... be 800 million euros. Those 800 million would annually flow through Germany’s budget but there wouldn

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  4. No let up ahead in terms of fiscal demands for new Greek government

    EconomyProgramme

    in 2018. As early as October, the Finance Ministry (MoF) has to adopt a supplementary 2015 budget, the draft 2016 budget and a 2016–19 medium-term fiscal strategy that will include a series of parametric measures and structural fiscal reforms. The draft budget is historically tabled on the first

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  5. General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln

    EconomyMacroeconomy

    fiscal performance in the state budget and deteriorating in the other three sectors. The primary cash surplus of the state budget substantially widened by almost 2.5 times to 2.97 billion euros from... 13.7 percent of total. State budget arrears eased MoM yet they have risen by 571 million YtD to 728

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  6. Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target

    Economy

    posted in the 8-month, the Finance Ministry (MoF) final budget execution figures showed on Tuesday... incorporated in the 2016 draft budget tabled on October 5. In particular, the 2015 primary surplus target... (before tax refunds) by 1.05 billion to 52.12 billion and Public Investment Budget (PIB) by 304

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  7. Greece stands on fault line between vicious and virtuous cycles for 2016

    Agora

    in Yen maturing in February. The state’s budget foresees a primary surplus of over 1 billion euros... of the first three months. In fact, in January the entire budget is in a 197 million total surplus, turning into a cumulative deficit of 1.3 billion euros up to March. (Cash balance state budget and Primary

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  8. Primary surplus beat target in 2015 on higher revenues and restrained spending
    Photo by MacroPolis

    Economy

    Greece’s budget primary balance was confirmed at 2.27 billion euros in 2015 from 1.87 billion in 2014, the Finance Ministry (MoF) final budget bulletin showed on Friday. The reported fiscal outcome... SMP and ANFA income. On top of revenue outperformance, the budget performance in 2015 was also

    2%

  9. General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    performance reflects primary cash surpluses in all four sub-sectors. The figures for the state budget... to last year, state budget recorded the most notable improvement in its primary cash surplus by 1.92... to 18.49 billion and a fall in transfers from the state budget by 9.8 percent to 14.8 billion

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  10. Primary cash surplus quadruples to 2.09 bln in first two months of 2016

    EconomyMacroeconomy

    to the budget execution, the marked year on year improvement reflects a soaring Public Investment Budget (PIB) surplus of 1.17 billion euros from just 258 million a year ago. Ordinary budget revenues... percent to 7.78 billion in the first two months of the year. Last week’s budget execution figures, which

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