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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyConfirming preliminary data, Greece’s budget primary surplus improved to 1.19 billion in January from 443 million last year, the Finance Ministry (MoF) final budget bulletin showed on Friday. The notable rise largely reflects a sharp increase in the Public Investment Budget (PIB) surplus to 431
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyGreece’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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Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
EconomyMacroeconomyGreece’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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PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget
EconomyMacroeconomyThe 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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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomyFollowing 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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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyGreece’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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Athens and lenders search for budget compromise by Thursday's EWG
EconomyProgrammebudget, 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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Primary surplus confirmed at 6.44 bln in October on revised budget targets
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 6.44 billion euros in the first 10 months of 2018, according to the final budget execution bulletin for October published by the Finance... (YoY) rise of 20.7 percent. The targets for the budget were revised from the preliminary figures
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Budget primary surplus at 5.76 bln in October as expenditure drops
EconomyMacroeconomyThe budget primary balance recorded a surplus of 5.76 billion euros in the first ten months of 2019...) budget execution bulletin showed on Monday. The primary surplus surpassed its target by 3.44..., the current monthly primary balance’s surplus edged down by 0.5 percent. The budget balance in the first ten
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Budget primary surplus at 595 mln in March
EconomyMacroeconomyThe budget primary balance recorded a surplus of 595 million euros in the first three months...) budget execution bulletin showed on Wednesday. The primary surplus was above its target by 169 million... month last year, the primary surplus stood at 621 million euros. The budget balance in the first three
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