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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

    2%

  3. Why doesn't Tsipras just cut defence spending?

    Agora

    Minister Alexis Tsipras faces in slashing the defence budget is that – contrary to what many people... budget, the government spent an average of 428 million euros on military procurements in each... the crisis began, more than 70 percent of the defence budget was used to pay staff but, according

    2%

  4. 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

    2%

  5. 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

    2%

  6. 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

    2%

  7. 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

    2%

  8. 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

    2%

  9. Primary cash surplus more than doubles to 2.8 bln in first half of 2016
    Photo by MacroPolis

    EconomyMacroeconomy

    to that in expenditure. Ordinary budget revenues climbed by 24.4 percent in June leading the 6-month... Budget (PIB) balance recorded a deficit of 102 million in June from surplus of 269 million last year... million stands almost 14 percent lower form last year’s level. The budget execution figures released

    2%

  10. Finance Ministry says revenues beat revised target by 105 mln in July
    Photo by MacroPolis

    EconomyProgramme

    October when the 2016 budget was prepared but has been recently revised. It added that cash revenues... to the MoF. It is worth noting that the first half budget execution figures had shown an overperformance... budget execution bulletin after August 10, including the actual and revised target figures. It is worth

    2%