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Review delay brings Greek liquidity needs back into focus
EconomyProgrammeexpenditure 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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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
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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Primary cash surplus almost halves to 1.1 bln in 2-month
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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Primary cash balance turns to 295 mln deficit in Q1
EconomyMacroeconomyfigure edging down by 33 million to 2.44 billion. Furthermore, Public Investment Budget (PIB... million from 1.3 billion last year. As we noted on Tuesday, the preliminary budget execution figures released by the Finance Ministry (MoF) showed the budget primary surplus markedly decreased by 42.7
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Newsletter 116 - 28/04/2017
remaining unchanged in Q2. The budget primary surplus was confirmed at 1.07 billion in the first quarter... final budget execution bulletin. The headline figure outperformed the target by 77 million, reflecting... primary expenditure by 790 million and a higher Public Investment Budget (PIB) surplus by 150 million
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Primary cash balance records deficit of 404 mln euros in 4-month period
EconomyMacroeconomyby 11 million to 2.87 billion. The Public Investment Budget (PIB) deficit was reduced to 85 million..., the preliminary budget execution figures published by the Finance Ministry (MoF) showed that the budget primary surplus declined by 9 percent to 1.74 billion in the 4-month period. This is attributed
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Newsletter 120 - 26/05/2017
an improvement in both transport and travel balances. Budget primary surplus 928 million above target Strong underspend leads to primary expenditure finishing 1.19 billion below estimates The budget... above the target, the Finance Ministry’s (MoF) final budget execution bulletin showed
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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomy. The Public Investment Budget (PIB) deficit increased to 191 million in May from 155 million a year ago... last year, mainly due to a deterioration in February. As noted on Wednesday, the preliminary budget execution figures released by the Finance Ministry (MoF) revealed that the budget primary surplus
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General govt primary cash surplus at 2.25 bln in May, arrears rise
EconomyMacroeconomy. The primary surplus of the state budget also declined by 1.15 billion to stand at 757 million... of hospitals (-57 million), local governments (-18 million) and state budget (-2 million... budget arrears rising by 70 million and extrabudgetary funds by 65 million. Tax refunds fell by 16
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Primary cash balance records deficit of 434 mln in first six months
EconomyMacroeconomyBudget (PIB) deficit eased to 92 million in June from 101 million a year ago. The six-month PIB balance.... As previously noted, the preliminary budget execution figures released by the Finance Ministry (MoF) revealed that the budget primary surplus rebounded by 18.6 percent to 1.94 billion during the six-month
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