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Eurogroup suggests there is scope for pension cuts to be called off
EconomyProgrammebudget in Greek Parliament. The plan submitted in Athens contained two scenarios regarding the pension... in the budget. This is why we have two scenarios.” Moscovici and Regling At Monday’s press conference....” He said that this means Greece’s draft budget will be examined after October 15, as is the case
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General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomyeuros to come to 1.67 billion versus 1.60 billion noted a year ago. Overall, the state budget... budget arrears remained unchanged month-on-month. A decrease was noted in local governments which... by extrabudgetary funds (-35 million), and state budget arrears (-17 million). Increases were noted in tax
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.80 billion euros in the first nine months of 2018, according to the final budget execution bulletin for September published by the Finance... billion seen in August. The balance for the same month last year came to 998 million euros. The budget
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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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