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  1. Budget primary surplus grows in April thanks to one-off revenues and restricted spending

    EconomyMacroeconomy

    Greece’s 4-month budget primary surplus more than doubled to 2.16 billion euros from 1.05 billion last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Wednesday... of non-payroll expenses. In addition, the Public Investment Budget (PIB) balance outperformed its

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  2. Budget revenues rebound in August but shortfall remains at 4.2 bln

    EconomyMacroeconomy

    Greece’s budget primary surplus almost doubled to 3.8 billion euros in the 8-month period of 2015 from 1.95 billion euros last year, the Finance Ministry (MoF) preliminary budget figures showed...) as well as higher Public Investment Budget (PIB) balance (by 1.44 billion) more than offsetting

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  3. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    The Greek Finance Ministry (MoF) submitted the 2016 draft budget to Parliament on Monday evening... at 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure...) signed with the eurozone in mid-August. Budget revenues this year were downward adjusted by 1.82

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  4. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    Greece’s budget execution showed a deterioration in September, with the primary balance recording... in Public Investment Budget (PIB) expenditure to 607 million euros from a cumulative figure of less than... surplus of 3.08 billion implies a rise by 21.6 percent. In addition, the budget deficit continues

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  5. Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros... Ministry’s final budget bulletin. The year on year (YoY) improvement mostly reflects a rise in revenues... and an improvement in the Public Investment Budget (PIB) surplus by around 70 million. Compared to targets

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  6. Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June

    EconomyMacroeconomy

    Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5... (MoF) preliminary budget execution bulletin displayed on Tuesday. Compared to target, the headline... of 1.06 billion. In addition, the Public Investment Budget (PIB) balance also came in 241 million above

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  7. PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget

    EconomyMacroeconomy

    The Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4. The report highlights that 2017 budget is expected to have a short-term recessionary impact on the economy, since expenditure cuts

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  8. Fiscal Council adopts 2017 budget forecasts with three reservations
    Photo by Panayiotos Tzamaros

    EconomyMacroeconomy

    Following the tabling of the 2017 budget in Parliament on Monday, the Greek Fiscal Council... budget, EFKA and ETEAP (unified fund for supplementary pensions) revenues are seen rising by 1.5... on consumption is directly linked to the optimistic macro assumptions of the budget, the Fiscal Council notes

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  9. Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
    Photo by Panyiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday... (by 1.82 billion) also supported by lower Public Investment Budget (PIB) deficit (by 258 million

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  10. Athens and lenders search for budget compromise by Thursday's EWG
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    budget, although the form that their agreement will take is a matter of some dispute. Prime... between Athens and the lenders will have to be approved by the powerful budget committee in the Bundestag... reported that the European Commission has asked for the budget of the housing scheme announced by Tsipras

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