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  1. Fiscal issues top agenda as fourth post-MoU review gets underway

    EconomyProgramme

    Kyriakos Mitsotakis in the 2020 draft budget. Greek officials are due to begin discussions..., the creditors’ focus is expected to be on next year’s budget, particularly in terms of how... the payment. Additional space will be sought by cutting the budget for the Public Investment

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  2. Government looks to review visit for nod on tax package
    Photo by MacroPolis

    EconomyProgramme

    its official creditors that the 3.5 percent primary surplus target this year is not at risk. Budget... of September, but the institutions do not seem open to extending the deadline further. 2020 budget... aspirations is the incorporation of the profits from Greek bonds in the ANFA and SMP schemes in budget

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  3. Fourth review talks conclude with fiscal differences remaining
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    as the fourth post-programme moves on to the next stage. This involves a draft budget for next year..., the inclusion of the SMP and ANFA profits into the budget seems to be set aside at the moment..., and 2.1 percent for this year. Discussions on these topics will continue remotely as the draft budget

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  4. Study proposes higher public spending to counter expected rise in NPLs
    By Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    budget balance, the rate of change of business or consumer NPLs falls by between 0.11 percent to 0.36... in the required primary surpluses of the state budget for as long as necessary in order to support the economy... that the role of the budget balance and the state deficit budget on the development of NPLs should

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  5. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    . Overall, the state budget primary balance showed a fall of 5.53 billion euros, landing at a deficit of 4.85 billion euros. The budget primary balance for the same time last year came to a surplus... budget and local governments (-37 million each). Hospitals fell by a slight 5 million, and local

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  6. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    million. Overall, the state budget primary balance showed a fall of 6.36 billion euros, landing at a deficit of 6.10 billion euros. The budget primary balance for the same time last year came to a surplus... budget (-7 million) and extrabudgetary funds (-4 million). Since the start of the year, total arrears

    5%

  7. PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock... and the recession on the budget execution. The first seven months of the year have a primary deficit... budget having been used for certain pandemic related measures higher by 3.12 billion and primary

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  8. General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    billion. Overall, the state budget primary balance showed a fall of 11.54 billion euros, landing at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came... budget arrears by 35 million. Since the start of the year, total arrears have risen by 706 million

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  9. GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent YoY. The Ministry of Finance’s revised 2020 budget expects private consumption to fall by 7.6... to drop by 30.3 percent in 2020 before rising by 22.5 percent in 2021 according to the latest budget... MoF budget sees imports of goods and services dropping by 17.4 percent this year before recovering

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  10. General govt primary cash deficit of 13.75 bln in November, arrears drop by 302 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    . Overall, the state budget primary balance showed a fall of 21.03 billion euros, landing at a deficit of 13.75 billion euros. The budget primary balance for the same time last year came to a surplus... (-22 million), SSFs (-9 million), state budget (-3 million) and extrabudgetary funds (-3 million

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