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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomyby 56 million to 102 million. On the other side of the spectrum, the surplus of the state budget... terms though, state budget remains the major contributor to the overall gg balance. According... in the previous month. It should be pointed out that in the July budget execution bulletin, MoF noted it paid
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Second review to resume in Athens under severe time pressure
EconomyProgrammeon November 7 made a specific note of three items in the second review: The 2017 budget, the medium... by the Parliamentary Budget Office (PBO) revealed the institutions’ views on labour market reforms...-recurring. Furthermore, military procurement savings of 400 million that were included in the 2016 budget
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Greece and lenders make headway on review but labour reforms remain biggest obstacle
EconomyProgrammeEuclid Tsakalotos on fiscal issues, particularly the 2017 budget. Specifically, Finance Ministry sources... on the measures of the 2017 budget, which is due to be tabled on Monday at 6 pm. According... the draft budget tabled on October included a slightly higher figure of 1.8 percent of GDP. Finance
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Last bailout tranche just days away as pension discussion looms
EconomyProgrammein the coming weeks, particularly on the issue of next year’s pension cuts. The German Parliament’s budget... of October. The issue that is expected to dominate the agenda is the drafting of next year’s budget... Moscovici suggested recently that there could be room for changes if the budget performance allows
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Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform
EconomyProgrammefor next year being cancelled. Eurozone finance ministers gave Greece’s 2019 budget the green light..., Eurogroup president Mario Centeno confirmed that the eurozone ministers gave Greece’s budget the green light... back by June 2019.” More discussions are also needed on the eurozone budget, another topic
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A snapshot of the Greek economy
Agorato examine state of the Greek economy at this early point of the year Budget balance: According to the Ministry of Finance, the Greek government budget achieved a primary surplus of 729 million for January, against a primary deficit target of 103 million. During the same period last year, the budget
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Second day of review yields progress, work needed on fiscal front
EconomyProgrammehave been settled on this trip, ahead of the draft budget that is due to be tabled to Parliament... and ANFA profits and whether those can be used in the budget to create some fiscal space. According to a finance ministry official, the discussions on next year’s budget are based on three scenarios
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MPs gear up for action as To Potami calls it a day and PASOK wobbles
PoliticsGreek Politicsprimary surplus that this year’s budget execution is expected to produce, will be shared out... additions and alterations to the draft law, which comes hot on the heels of the 2020 budget... Tsakalotos, claimed that the budget is not voter- or growth-friendly. He accused ND of a class-based
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Newsletter 316 - 12/11/2021
estimate that the Finance Ministry included in the draft budget submitted about a month ago. The Finance Ministry is also expected to revise up its own forecasts for this year in the final budget, due... growth above the Finance Ministry estimates in the draft budget of 4.5 pct, seen at 5.2 pct in 2022
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Corporate taxation, underspend lead to 3 bln primary surplus in March
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of close to 3 billion euros in March... Ministry (MoF) budget execution data released on Tuesday. In March, the budget primary balance outperformed by 854 million euros. Expenditure, excluding interest payments and the public investment budget
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