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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. 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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  7. 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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  8. 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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  9. General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . This outweighed a deterioration in the state budget balance by 2.6 billion. In addition, the local government... followed by SSCs posting a surplus of 1.54 billion. On the flipside, the state budget balance turned...) followed by hospitals (-481 million) and state budget (-295 million). In contrast, extrabudgetary

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  10. Primary cash surplus almost halves to 1.1 bln in 2-month
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , the Public Investment Budget (PIB) surplus shrank to just 197 million this year from 1.17 billion a year ago. As we noted, the preliminary budget execution figures published by the Finance Ministry (MoF) on Tuesday showed the budget primary surplus declined by 25.6 percent to 2.12 billion euros

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