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  1. 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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  2. 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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  3. Greece's harsh social reality

    Agora

    resources in types of spending. Households average monthly expenditure, according to the annual Budget... budget allocation to food, Greeks dietary habits have taken a turn for the worse. Since 2009... of expenditure, durable goods have also lost two percentage points in the household budget allocation

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  4. State clears 440 mln in arrears to private sector in July

    EconomyMacroeconomy

    . In addition, 465 million was transferred to the state budget, 383 to social security funds and 245.3 million to extrabudgetary funds and state-owned enterprises. Of those amounts, state budget payments were... to hospitals, 677.2 million to state budget, 371 million to local governments and 338.2 million

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  5. Programme talks on fiscal issues open wide range of concerns

    EconomyProgramme

    discussions should follow regarding the 2017 budget and achievement of fiscal targets. This development... in the 2017 draft budget that was tabled on October 3, while the downward revision of 2015 GDP and fiscal.... The Finance Ministry has tried to play down the institutions’ concerns stressing the budget

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  6. Some progress in first round of talks but most second review issues remain unresolved
    Photo by MacroPolis

    EconomyProgramme

    on fiscal issues mostly focused on this year’s budget execution and the 2017 draft budget in the wake... budget, while the downward revision of the 2015 GDP and fiscal outcome also increased doubts over

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  7. Newsletter 94 - 04/11/2016

    Newsletters

    published on Monday, the Parliamentary Budget Office (PBO) warned that the path to economic recovery... that the 2017 draft budget is expected to have a recessionary impact mainly due to its tax-based... in Greece, the prospect of finding 400 million euros or more to cut from the budget is a politically

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  8. Talks on bailout review head for crucial weekend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    of the tabling of the 2017 budget on Monday. In the draft budget tabled on October 3, the Finance Ministry... budget will be used for granting pending main pensions, while an additional amount of 905 million

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  9. Second round of review talks concludes without breakthrough on labour reforms
    Photo by MacroPolis

    EconomyProgramme

    dividend. The 2017 budget noted that “due to the fiscal outperformance (with 2016 primary surplus... to distribute only the portion that is considered absolutely safe, taking into account the budget... Budget, as well as potential revisions by Eurostat. After the conclusion of the second round

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  10. Review delay brings Greek liquidity needs back into focus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    expenditure and increasing repos. According to the 2017 budget, the primary balance is foreseen to remain... as postpone a part of the Public Investment Budget (PIB) expenditure, to avoid having to also finance a budget deficit and improve its liquidity position. At the same time, the government has the option

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