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Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
EconomyMacroeconomypresented a draft 2019 budget with two scenarios, adding that this created a good basis... last week that Brussels has approved Greece’s draft budget and that the pension cuts will be scrapped... percent for such a scenario in the draft budget. The local media has suggested that if the two sides
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General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
EconomyMacroeconomy, the state budget primary balance showed a decline of 181 million euros to come to a surplus of 2.17 billion... (-43 million), state budget (-24 million) and extrabudgetary funds (-2 million). Increases were noted... arrears fell by 698 million, followed by tax refunds (-66 million), state budget (-41 million
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Primary cash surplus at 19.54 bln in October on monthly and aggregate expenditure falls
EconomyMacroeconomypayments made during October, expenditure fell by 849 million euros. The Public Investment Budget (PIB... to a deficit of 651 million for the same time last year. The preliminary budget execution figures released by the Finance Ministry (MoF) for October showed that the budget primary balance came to a surplus
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OECD sees 2.2 pct growth in 2019, stressing importance of reform adherence
EconomyMacroeconomyMinistry’s latest forecast in the draft budget for 2019 sees growth of 2.1 percent this year... measures in the 2019 budget are expected to support this outcome, most notably lower corporate income tax... servants. The OECD notes that if slower growth hampers meeting the targets, or if the budget balance
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomy. Government spending represents around 18.9 percent of the total. The latest MoF budget for 2019... percent QoQ and rose by 8 percent YoY. The MoF in its latest budget anticipates that exports.... Regarding the MoF’s own forecasts included in the latest budget, the Greek economy will growth by 2.1
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomybudget primary balance showed a rise of 360 million euros to come to a surplus of 3.48 billion euros... funds (+45 million) and state budget (+7 million). Since the start of the year, total arrears have... by 732 million, followed by tax refunds (-138 million) and state budget (-33 million). Increases were
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Primary cash surplus at 20.34 bln in November as revenues grow
EconomyMacroeconomyInvestment Budget (PIB) balance’s deficit came to 373 million in November from a deficit of 1.03 billion... the deficit of 1.68 million last year. The preliminary budget execution figures released by the Finance Ministry (MoF) for November showed that the budget primary balance came to a surplus of 7.61
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General govt primary cash surplus at 7.62 bln in Nov, arrears fall by 42 mln
EconomyMacroeconomymillion euros to come to 2.03 billion versus 2.49 billion noted a year ago. Overall, the state budget... by extrabudgetary funds (-28 million), state budget arrears (-22 million) and local governments (-11 million.... SSF arrears fell by 822 million, followed by state budget (-55 million), tax refunds (-31 million
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Newsletter 190 -18/01/2018
in February. Greece’s 2019 budget was approved in November by the European Commission, with an emphasis... by 443 mln The budget primary balance came to a surplus of 3.16 billion euros in 2018, according to the preliminary budget execution bulletin for December published by the Finance Ministry (MoF
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Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
EconomyMacroeconomyduring December expenditure rose by 152 million euros. The Public Investment Budget (PIB) balance’s... of 3.51 billion last year. The preliminary budget execution figures released by the Finance Ministry (MoF) for December showed that the budget primary balance came to a surplus of 3.16 billion euros
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