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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomy’s (MoF) final budget estimate of 2.1 percent for 2018. A breakdown of annual components showed... to 2017. The MoF’s final budget for 2019 had foreseen the exports of goods and services to increase... of the headline GDP number. Government spending represents around 20.8 percent of the total. The latest budget
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Primary surplus confirmed at 1.44 mln in Mar
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 1.44 billion euros in the first three...) final budget execution bulletin showed this week. The primary surplus surpassed its target by 2.40... for March 2018 which landed at a deficit of 816 million euros. The budget balance in the first three
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Finance Ministry, Stournaras disagree over fiscal space for expansionary measures
EconomyProgrammeconsolidation via lower spending in the Public Investment Budget, which will impact growth. Stournaras has... attention to the government’s budget, he would see that the fiscal space exists. Houliarakis Alternate..., or the state budget. Greece submitted to the European Commission earlier this month its Stability
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New team at Finance Ministry tasked with familiar old juggling act
PoliticsGreek Politicsbudget was badly derailed and that the new government couldn’t expect any favours in the form of easier...-electoral giveaways, which the institutions blame for derailing the budget. That may have saved votes... for it in talks with creditors over the 2020 budget starting in September. The bill will include
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgramme. This means that the fall in revenues will burden the 2020 budget. It is estimated that the cut... budget will have to be submitted to the institutions in September, by which time... in how the numbers add up in the end. Because if the taxes are lowered and there is a gap in the budget
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ND lining up tax, development and labour legislation for autumn
PoliticsGreek Politics, the submission of the draft 2020 budget to the European Commission and the fourth post-programme review... budget is due to be submitted to the European Commission on September 15. The technical teams are due... budget. Reports over the weekend suggested that Finance Minister Christos Staikouras is making
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Fiscal issues top agenda as fourth post-MoU review gets underway
EconomyProgrammeKyriakos Mitsotakis in the 2020 draft budget. Greek officials are due to begin discussions..., the creditors’ focus is expected to be on next year’s budget, particularly in terms of how... the payment. Additional space will be sought by cutting the budget for the Public Investment
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Government looks to review visit for nod on tax package
EconomyProgrammeits official creditors that the 3.5 percent primary surplus target this year is not at risk. Budget... of September, but the institutions do not seem open to extending the deadline further. 2020 budget... aspirations is the incorporation of the profits from Greek bonds in the ANFA and SMP schemes in budget
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Fourth review talks conclude with fiscal differences remaining
EconomyProgrammeas the fourth post-programme moves on to the next stage. This involves a draft budget for next year..., the inclusion of the SMP and ANFA profits into the budget seems to be set aside at the moment..., and 2.1 percent for this year. Discussions on these topics will continue remotely as the draft budget
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Newsletter 226 -01/11/2019
, compared to 3.38 percent six months ago. In the draft budget tabled in Parliament earlier this month... to 'BB-' September budget primary surplus confirmed at 4.47 billion S&P raised on Friday its credit... than 20 percent of total debt, or less than 40 percent of GDP. The budget primary balance recorded
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