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General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
EconomyMacroeconomyto 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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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomyaround 20 percent of the total. In the final budget for 2020 submitted to Parliament, the Ministry.... The 2020 budget anticipates gross fixed capital formation rising by 8.8 percent this year and by 13.4... receipts rose by 14 percent to 16.09 billion euros. According to the latest budget, exports of goods
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EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
EconomyMacroeconomygovernment’s budget assumption of real GDP growth of 2.8 percent. Since 2016, when Greece essentially.... At the same time, this year’s budget after a moderate combination of tax cuts has little room for error and relies largely on hitting the budget’s growth estimate by people spending the additional disposable
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeaturesbudget 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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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomymillion. 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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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
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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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomymillion. 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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Newsletter 261 -07/08/2020
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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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomyagainst 1.24 billion euros last year. Overall, the state budget primary balance showed a fall of 9.33 billion euros, landing at a deficit of 7.46 billion euros. The budget primary balance for the same time... governments (-14 million), state budget (-8 million) and hospitals (-3 million). Since the start
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyGreece’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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