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  1. Primary surplus confirmed at 1.44 mln in Mar
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 1.44 billion euros in the first three...) final budget execution bulletin showed this week. The primary surplus surpassed its target by 2.40... for March 2018 which landed at a deficit of 816 million euros. The budget balance in the first three

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  2. Finance Ministry, Stournaras disagree over fiscal space for expansionary measures
    Photo via http://www.delphiforum.gr/

    EconomyProgramme

    consolidation via lower spending in the Public Investment Budget, which will impact growth. Stournaras has... attention to the government’s budget, he would see that the fiscal space exists. Houliarakis Alternate..., or the state budget. Greece submitted to the European Commission earlier this month its Stability

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  3. New team at Finance Ministry tasked with familiar old juggling act

    PoliticsGreek Politics

    budget was badly derailed and that the new government couldn’t expect any favours in the form of easier...-electoral giveaways, which the institutions blame for derailing the budget. That may have saved votes... for it in talks with creditors over the 2020 budget starting in September. The bill will include

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  4. ND lining up tax, development and labour legislation for autumn
    Photo by MacroPolis

    PoliticsGreek Politics

    , the submission of the draft 2020 budget to the European Commission and the fourth post-programme review... budget is due to be submitted to the European Commission on September 15. The technical teams are due... budget. Reports over the weekend suggested that Finance Minister Christos Staikouras is making

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  5. 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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  6. 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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  7. 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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  8. 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

    5%

  9. 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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  10. 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

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