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  1. General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln

    EconomyMacroeconomy

    in the state budget figure, which climbed to 2.55 billion from 850 million last year. Extrabudgetary... was recorded by arrears of extrabudgetary funds (+247 million) followed by state budget (+147 million... percent of total. In addition, tax refunds’ arrears stand at 658 million, state budget at 584 million

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  2. Primary cash surplus widens to 2.85 bln in Q1

    EconomyMacroeconomy

    a rise in revenues and the Public Investment Budget (PIB) balance coupled with lower expenditure. Ordinary budget revenues eased 0.2 percent to 3.31 billion in March. However, the strong performance... of the year. The budget execution figures, which are calculated under a different accounting method, showed

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  3. Asking Greece to stack more austerity measures ignores past failings
    Photo by Harry van Versendaal

    Agora

    in the first quarter of 2016. Yet, the budget execution of that year missed the primary surplus... was too late to act, it submitted a budget that intended to cut the deficit by 3.6 percentage points... on the memorandum with the troika, Greece tabled a 2011 budget that had an additional 9.2 billion in measures

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  4. Newsletter 74 - 20/05/2016

    Newsletters

    vote scheduled for Sunday afternoon. The budget execution for the four-month period showed a primary... also beat the target by 381 million. In contrast, the Public Investment Budget (PIB) balance... in the weeks ahead. Q1 surplus above target Greece’s budget primary surplus reached 2.38 billion

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  5. Primary cash surplus improves to 2.93 bln at end of April

    EconomyMacroeconomy

    of the 4-month figure reflects higher revenues and Public Investment Budget (PIB) coupled with lower expenditure. In specific, ordinary budget revenues fell 5.5 percent in April, but the 4-month figure rose... positive and reached 1 billion improving from last year’s surplus of 703 million. The budget execution

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  6. Newsletter 78 - 17/06/2016

    Newsletters

    approval from the ECB’s Single Supervisory Mechanism (SSM). The budget execution for the 5-month..., the jobless rate fell 1.7 percentage points. Surplus up 50% on last year Greece’s budget primary surplus... refunds) beat the target by 879 million. In contrast, the public investment budget (PIB) balance fell

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  7. Primary cash surplus widens to 2.66 bln in first five months of 2016

    EconomyMacroeconomy

    and to a lesser extent higher Public Investment Budget (PIB) balance. In particular, ordinary budget... from last year. The budget execution figures published by the Finance Ministry on Thursday showed

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  8. Newsletter 83 - 22/07/2016

    Newsletters

    of the methods used. The budget execution for the first half of the year showed primary surplus notably... of 1.06 billion. Budget revenues soared 33.9 percent in June, leading the six-month figure up 7... be completed by the end of July. Primary surplus widens Greece’s budget primary surplus widened to 2.48

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  9. General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln

    EconomyMacroeconomy

    and of the social security funds (SSF) by 1.05 billion followed by a rise in the state budget primary... million. In absolute terms, the state budget and the extrabudgetary funds’ primary cash surpluses... accounting for more than 16 percent of total arrears. In addition, state budget arrears increased

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  10. Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln

    EconomyMacroeconomy

    at 4.33 billion down by 7.6 percent. The Public Investment Budget (PIB) balance posted a deficit of 378... (MoF) published the budget execution bulletin showing a primary surplus of 3.57 billion... that the budget figures reported by the MoF do not including the expenditure related to arrears

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