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  1. Target revisions leave 880 mln budget shortfall in Oct despite 2.6 bln primary surplus
    Photo by MacroPolis

    Economy

    Greece’s budget execution showed a primary surplus of 2.65 billion euros in the 10-month period... budget tabled in parliament last week compared to the Medium-Term Fiscal Strategy (MTFS) previously... on the new targets, the MoF expects a budget primary surplus of 4.94 billion in 2014 (from 5.29 billion

    18%
  2. Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall

    EconomyMacroeconomy

    Greece’s budget execution showed the primary surplus widening by 879 million euros to 3.53 billion...) preliminary budget bulletin. As a result, the year to date figure exceeded its target by 658 million... for a primary deficit of 664 million. Similarly, the 11-month budget deficit stood at 1.86 billion euros

    18%
  3. Greek primary budget surplus halved in Jan as revenues miss target

    Economy

    Greece’s budget execution showed the primary surplus halving to 443 million euros in January from 835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published... expenditure was almost 100 million better than target. A similar pattern was also evident in the budget

    18%
  4. Lower spending, extra revenues result in budget execution beating targets in March

    EconomyMacroeconomy

    Greece’s budget execution showed the 3-month primary surplus rose to 1.74 billion euros, up 12.6... billion, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday... (by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting

    18%
  5. Signifcant underspend covers revenue shortfall for budget primary surplus to August

    EconomyMacroeconomy

    Greece’s budget primary surplus significantly improved to 3.8 billion in the 8-month period of 2015 from 1.95 billion last year, the Finance Ministry (MoF) final budget data displayed on Thursday... (by 250 million) as well as higher Public Investment Budget (PIB) balance (by 1.44 billion) more

    18%
  6. Marked rise in expenditure leads to a budget primary deficit in Nov

    Economy

    Greece’s budget primary balance turned to a deficit of 184 million euros in November following... Ministry (MoF) preliminary budget figures showed on Tuesday. The month on month (MoM) deterioration... (by 1.83 billion) and higher Public Investment Budget (PIB) balance (by 779 million), against a revenue

    18%
  7. Budget primary surplus surges to 3.04 billion, extending outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday. The notable year on year (YoY) improvement largely reflects surging Public Investment Budget (PIB) revenues up

    18%
  8. Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance

    EconomyMacroeconomy

    Greece’s budget primary surplus climbed to 2.68 billion in the first quarter of 2016 from 1.73 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday. However.... In the previous two months of this year, the budget execution had displayed a primary surplus of 1.19

    18%
  9. Budget primary surplus to Oct hits 6.5 bln as revenues deliver again
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s budget primary surplus surged 43.4 percent to 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin... to the budget over-performance in 2016. Detailed figures on the performance of the key revenue items

    18%
  10. Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s budget primary surplus almost doubled to 4.44 billion euros in 2016 from 2.27 billion in 2015, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday. The preliminary... outperformance (by 1.88 billion) coupled with lower Public Investment Budget (PIB) deficit (by 264

    18%