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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyyear is seen as having been exhausted at the end of first half. The draft budget assumes GDP.... For next year, the MoF notes that the consistent implementation of the bailout programme coupled... percent above last year’s estimate. It is projected to increase by 3.5 percent to 182.33 billion
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Newsletter 91 - 07/10/2016
offered upbeat macro forecasts for Greece, estimating GDP would grow marginally by 0.1 percent this year.... For next year, the fund expects a strong growth of 2.8 percent, a figure slightly above the 2.7... the primary cash surplus grew by 1.33 billion to 3.9 billion in the first eight months of the year
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Budget primary surplus to Oct hits 6.5 bln as revenues deliver again
EconomyMacroeconomyof 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday. The headline figure extended the year-to-date outperformance to 4.71 billion eurin... surpassing the 5-billion-euro mark for the third time this year. As we noted, the strong revenue collection
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Greek 2017 budget reveals size and source of extra tax burden
Agorainterventions will make up around 90 percent of the total incremental revenue collection next year... 23 to 24 percent (effective from July 1 this year) and a rise in the excise tax on tobacco and e.... Overall, tax revenues are expected to increase by 1.04 billion euros from last year to 46.86 billion
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Newsletter 99 - 09/12/2016
the end of the year. The least encouraging message for the government came on the fiscal front... that the primary cash surplus widened by 1.37 to 6.08 billion in the first ten months of the year... successive year, albeit slightly, by 0.6 percent to 947 million US dollars in mid-2016. The wealth per adult
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Unemployment rate drops again in Q3, reaching 22.6 pct
EconomyMacroeconomy. The comparison with the corresponding period last year shows that the jobless rate declined by 1.4... million. The most marked improvement in employment year on year was recorded in transportation... jobless (more than 1 year) rose to 806,300 in Q3 after a marked drop in the previous month
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Newsletter 107 - 17/02/2017
, however, hopes that the fiscal data for last year will help bring down the volume of new measures... relates to the second half of the year, in the wake of the disbursement of two bailout tranches totalling... in arrears at the end of the year fell by only 1.5 billion, according to MoF figures. Greek banks accelerated
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Newsletter 108 - 24/02/2017
million in December from just 4.8 million a year ago. Higher receipts are attributed entirely... remained on a downswing, dropping by 9.4 percent. Aggregate figures for the whole year show travel.... The drop in full-year receipts fully reflects a reduction in the average expenditure per trip by 11.3
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomy, down by 9.4 percent from last year’s figure of 1.9 billion. The figure was 928 million euros above... billion in the period, up by 17.4 percent from last year and outperforming the target by 900 million.... The year-to-date outperformance is due to higher than targeted direct taxes to the tune of 319
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Newsletter 121 - 02/06/2017
and represents a year-to-date deterioration of 1.9 points. Consumer confidence rebounded.... However, consumer confidence has dropped by 5.3 points since the beginning of the year, mostly... Parliament. The economic closure is estimated by the end of the year. The pace of credit contraction
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