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  1. Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio

    EconomyMacroeconomy

    and deficit at 3.6 percent of GDP. The actual figure for 2014 primary surplus stands below the 2015 budget... points were also showed for 2012 and 2013. In the 2016 draft budget, the Finance Ministry (MoF) showed... figure (published by ELSTAT after draft budget was tabled in Parliament) does have any impact

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  2. Growing hopes that Greek recession will be milder than expected

    Economy

    percent in 2016. The Finance Ministry adopted these estimates in the 2016 draft budget tabled on October... of imports compared to exports. Although the macro assumptions of the draft budget are in line... billion, from 179.08 billion posted last March. In the draft budget, nominal GDP is projected at 173.74

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  3. Greece passes latest omnibus bill, looks to next actions ahead
    Photo by MacroPolis

    EconomyProgramme

    for goods and services purchases In addition, the 2016 budget is due to be voted on in November... forecasts published on Thursday. The draft budget was tabled in early October and included a recession... close to the time the final 2016 budget will be tabled in Parliament.

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  4. Primary cash surplus widens by 1.8 bln to 4.84 bln by end of Oct

    EconomyMacroeconomy

    year’s Public Investment Budget (PIB) deficit of 364 million to a surplus of 375 million this year... reported in the Finance Ministry (MoF) budget execution bulletin are calculated on a modified cash basis... and a reversal of last year’s Public Investment Budget (PIB) deficit of 364 million to a surplus

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  5. Newsletter 59 - 22/01/2016

    Newsletters

    stake in Thessaloniki Port Authority (OLTH) in April. The budget execution for 2015 showed revenues...-expected Public Investment Budget (PIB) balance led to a budget primary surplus of 2.27 billion for 2015

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  6. 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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  7. 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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  8. 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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  9. 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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  10. 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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