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October budget revenues beat target by 24% but gg arrears reach 2.47 bln in 2013
EconomyMacroeconomyof 1.5 billion. Similar to previous months, the other general government areas are exhibiting... at 370 million and 265 million respectively. Unlike previous months, tax refunds jumped by 234 million
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Are Independent Greeks and SYRIZA set to become odd bedfellows?
PoliticsGreek Politicsthe previous week when he called for the two parties to have joint candidate lists. The idea... and members means that SYRIZA is wary of embracing figures that have been associated with previous
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Manufacturing PMI in Greece hits a 51-month high in November
EconomyMacroeconomy. At the same time, new orders stabilised, after having fallen in the previous month, while the decrease..., economic sentiment stood at 91.2 points in November, unchanged from the previous month, while
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyexports of services up 8.8 percent from -1.6 percent in the second quarter. Unlike the previous two... of the previous quarters, lend credence to the most recent projections by the Greek government and the troika
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Big drops of 9.3 and 17.5 pct for turnover and new orders in October
Economyin October continued, at an accelerated pace, the negative trend also evident in the previous month..., while a flat trend in new orders after a renewed decline in the previous two months was another
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State arrears to Nov fell to 5.86 bln but 1.96 bln of new debts created in 2013
EconomyMacroeconomyis on a cash basis, incorporating payment of previous years’ state arrears of 4.69 billion, which... drop month on and month and 3.11 billion year to date. Taking into account that settlement of previous
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Greece records primary cash deficit in 2013
EconomyMacroeconomyof previous years’ arrears amounting to 6.14 billion, which is reported in BoG cash expenditure as of February, but is excluded from MoF budget figure since it refers to previous years’ fiscal performance
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A closer look at Greece's 2013 budget primary surplus of 603 mln
EconomyMacroeconomyGreece’s 2013 budget execution showed a primary surplus of 603 million euros from a deficit of 3.46 billion the previous year, according to the final data released by the Ministry of Finance (MoF... of previous years’ arrears on the expenditure line. According to MoF methodology, the payment of past years
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicshave lost since then but also to restore their wages to their previous levels from now... be returned to previous levels. Should this decision be rubber stamped, then the government could face another
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Despite payment of some arrears, total reached 4.6 bln at end of 2013
EconomyMacroeconomyis on a cash basis, incorporating settlement of previous years’ state arrears and refunds of 6.16... that the payment of previous years’ arrears amounted to 5.97 billion in 2013, we conclude that new
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