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  1. ND lining up tax, development and labour legislation for autumn
    Photo by MacroPolis

    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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  2. Fiscal issues top agenda as fourth post-MoU review gets underway

    EconomyProgramme

    Kyriakos 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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  3. Government looks to review visit for nod on tax package
    Photo by MacroPolis

    EconomyProgramme

    its 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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  4. General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    to the Finance Ministry’s (MoF) monthly gg bulletin. The surplus was led by the state budget primary... governments fell by 166 million euros to stand at 233 million euros. The breakdown of the state budget... by SSFs (+15 million) and state budget (+8 million). Declines were seen in tax refunds (-118 million

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  5. Study proposes higher public spending to counter expected rise in NPLs
    By Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    budget balance, the rate of change of business or consumer NPLs falls by between 0.11 percent to 0.36... in the required primary surpluses of the state budget for as long as necessary in order to support the economy... that the role of the budget balance and the state deficit budget on the development of NPLs should

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  6. General govt primary cash deficit of 1.85 bln in Apr as revenues decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    million. Overall, the state budget primary balance showed a fall of 2.68 billion euros, landing at a deficit of 1.52 billion euros. The budget primary balance for the same time last year came... hospitals with a fall of 13 million euros. This was followed by state budget and local governments

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  7. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    . Overall, the state budget primary balance showed a fall of 5.53 billion euros, landing at a deficit of 4.85 billion euros. The budget primary balance for the same time last year came to a surplus... budget and local governments (-37 million each). Hospitals fell by a slight 5 million, and local

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  8. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    million. Overall, the state budget primary balance showed a fall of 6.36 billion euros, landing at a deficit of 6.10 billion euros. The budget primary balance for the same time last year came to a surplus... budget (-7 million) and extrabudgetary funds (-4 million). Since the start of the year, total arrears

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  9. Newsletter 261 -07/08/2020

    Newsletters

    governments, a rise of 143 million euros was seen, taking the total to 326 million. Overall, the state budget.... The budget primary balance for the same time last year came to a surplus of 253 million euros...). Declines were seen in local governments (-8 million), state budget (-7 million) and extrabudgetary

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  10. PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock... and the recession on the budget execution. The first seven months of the year have a primary deficit... budget having been used for certain pandemic related measures higher by 3.12 billion and primary

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