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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomyThe Ministry of Finance (MoF) tabled the 2014 draft budget to the Greek parliament on Monday... of ambitious budget consolidation with a further cut in primary expenditure by 2.77 billion year... has to be agreed with the troika mission until the submission of the final budget. On the primary
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October budget revenues beat target by 24% but gg arrears reach 2.47 bln in 2013
EconomyMacroeconomybudget execution. Furthermore, state arrears to the private sector slightly rose by 0.8 percent.... As expected, the state budget is the key element in the reported gg balance evolution. There is an important difference compared to the released budget execution for the same period, which relates
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Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach
EconomyGreece’s budget execution to November showed a primary surplus of 1.21 billion euros from a deficit... (MoF) on Thursday. The state budget deficit narrowed 63.3 percent to 4.72 billion from 12.85 billion.... After Parliament approved the 2014 budget on December 7, the MoF revised 2013 and 11-month targets
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A closer look at Greece's 2013 budget primary surplus of 603 mln
EconomyMacroeconomyGreece’s 2013 budget execution showed a primary surplus of 603 million euros from a deficit of 3.46...). The state budget deficit narrowed 65.3 percent to 5.44 billion from 15.69 billion in 2012. However... in the preliminary bulletin, the MoF recorded a large part of the Public Investment Budget (PIB) expenditure
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Primary surplus at 2.1 bln in Feb, ahead of budget execution target
EconomyMacroeconomyGreece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five... to the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget balance... to the exceptionally strong Public Investment budget (PIB) revenues of 1.56 billion in February. Revenues
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EU funds and limited expenditure drive primary budget surplus to 2 bln in Feb
EconomyGreece’s budget execution showed a primary surplus of 2.06 billion euros to February, which is over... to the final data released by the Ministry of Finance (MoF) on Monday. The state budget balance... Budget (PIB) revenues of 1.56 billion in February (from just 32 million recorded in January), which
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Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
EconomyGreece’s budget execution showed a primary surplus of 1.05 billion euros in the first four months... to the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget deficit... levels, the budget balance in the four-month period continues to beat targets by around 300 million euros
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyGreece’s budget execution showed a primary surplus of 711 million euros in the 5-month period from... data released by the Ministry of Finance (MoF) on Thursday. The state budget deficit to May... euros (from 4.6 billion before) and budget deficit of 607 million (from 1.55 billion). The upward
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Greek primary budget surplus reaches 712 mln in first half of 2014
EconomyGreece’s budget execution showed a primary surplus of 712 million euros in the first half... to the preliminary data released by the Ministry of Finance (MoF). The 6-month state budget deficit.... Similarly, the 6-month budget deficit outpaced target by 1.44 billion. The over-performance
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State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
EconomyMacroeconomyGreece’s budget execution showed the primary surplus widening to 2.28 billion in the 7-month period... instalment of income tax, which was due by the end of July. The 7-month state budget deficit stood at 1.73... surplus is lower by 10.7 percent, while the budget deficit has narrowed by 10.1 percent. However
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