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  1. Central gov't cash deficit down to 1.14 bln in March

    EconomyMacroeconomy

    for the budget execution are disclosed on a modified cash basis. Cash revenues rose 2.7 percent to 10.53... percent. Interest payments on a cash basis rose 4.7 percent to 1.99 billion, in line with the budget... to: a) The inclusion of 2.03 billion euros of SMP income in the budget execution, which was excluded from the BoG

    5%

  2. General gov't primary surplus halves in Q1, arrears and guarantees jump

    EconomyMacroeconomy

    of Finance (MoF). The breakdown among the four key gg entities showed mixed trends. The budget primary... only showed a primary cash surplus of 173 fully attributed to budget, which posted a surplus of 784... million), local governments (+56 million), extrabudgetary funds (+35 million) and state budget (+29

    5%

  3. Greece stands on fault line between vicious and virtuous cycles for 2016

    Agora

    in Yen maturing in February. The state’s budget foresees a primary surplus of over 1 billion euros... of the first three months. In fact, in January the entire budget is in a 197 million total surplus, turning into a cumulative deficit of 1.3 billion euros up to March. (Cash balance state budget and Primary

    5%

  4. Primary cash surplus quadruples to 2.09 bln in first two months of 2016

    EconomyMacroeconomy

    to the budget execution, the marked year on year improvement reflects a soaring Public Investment Budget (PIB) surplus of 1.17 billion euros from just 258 million a year ago. Ordinary budget revenues... percent to 7.78 billion in the first two months of the year. Last week’s budget execution figures, which

    5%

  5. Primary cash surplus more than doubles to 2.8 bln in first half of 2016
    Photo by MacroPolis

    EconomyMacroeconomy

    to that in expenditure. Ordinary budget revenues climbed by 24.4 percent in June leading the 6-month... Budget (PIB) balance recorded a deficit of 102 million in June from surplus of 269 million last year... million stands almost 14 percent lower form last year’s level. The budget execution figures released

    5%

  6. Finance Ministry says revenues beat revised target by 105 mln in July
    Photo by MacroPolis

    EconomyProgramme

    October when the 2016 budget was prepared but has been recently revised. It added that cash revenues... to the MoF. It is worth noting that the first half budget execution figures had shown an overperformance... budget execution bulletin after August 10, including the actual and revised target figures. It is worth

    5%

  7. General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln

    EconomyMacroeconomy

    million. In contrast, the state budget posted a surplus of 1.82 billion, 364 million less than last year... arrears displayed state budget arrears fell by 255 million from the previous month, while smaller... in state budget arrears by 242 million. At the end of September, SSF arrears stood at 2.95 billion

    5%

  8. Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    period. The Public Investment Budget (PIB) balance recorded a deficit of 143 million euros in October..., the preliminary budget execution figures published by the Finance Ministry (MoF) displayed a budget... expenditure rose by 2.1 percent to 38.51 billion. It should be noted that budget execution figures do

    5%

  9. Primary cash surplus to Nov at 3.6 bln, including arrears repayment of 3.4 bln

    EconomyMacroeconomy

    . The Public Investment Budget (PIB) balance posted a small surplus of 83 million in November. However.... As we noted, the preliminary budget execution figures published by the Finance Ministry (MoF) on December 14 revealed a budget primary surplus of 7.45 billion euros in the 11-month period with net

    5%

  10. Primary cash surplus of 1.95 bln in 2016 including arrears’ repayment of 3.85 bln

    EconomyMacroeconomy

    . The Public Investment Budget (PIB) balance recorded a huge deficit of 1.97 billion in December leading the full year deficit to 2.11 billion. As we noted earlier this week, the preliminary budget execution figures published by the Finance Ministry (MoF) displayed a budget primary surplus of 4.39 billion

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