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Athens warned about missing fiscal targets rather than changing them unilaterally
EconomyProgramme. And that would be more so next year. Of course next year, a new budget will be needed and measures...; it will be discussed in the context of the 2020 budget, it’s not on the agenda right now.” Regling did hint... budget.
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PBO sees fiscal target being reached despite expansionary measures
EconomyProgrammeIn its quarterly report published on Wednesday, Parliament’s Budget Office (PBO) does not share.... The bonus that was paid out to pensioners in way of a 13th pension had a budget cost of 830 million euros..., are adamant that the measures will throw this year’s budget off track. These concerns are likely
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General govt primary cash surplus at 1.68 bln in April, arrears rise by 164 mln
EconomyMacroeconomyfor extrabudgetary funds rose by 349 million euros to stand at 397 million euros. Overall, the state budget primary...), extrabudgetary funds (-9 million) and state budget (-7 million). A rise of 283 million euros was noted...) and state budget (+22 million). Declines were noted in SSFs (-77 million euros) and extrabudgetary
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Newsletter 210 -07/06/2019
officials to give the new government the space it needs to implement its programme. “The 2020 budget... eurozone counterparts, Greece is due to send its draft 2020 budget to the European Commission... of recent years has been the result of a consistent under-execution of the budget. The European
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Eurogroup emphasises limited room for discussion on fiscal targets
EconomyProgrammeand 2022 as the 2020 budget will have to be drafted in September, before the new government has had... public investment budget, arrears are still at a high level; all that is not good for growth, therefore... budget is concerned, how the fiscal path will look like; how measures to promote growth
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General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
EconomyMacroeconomyfunds rose by 103 million euros to stand at 1.05 billion euros. Overall, the state budget primary...). No change was noted in state budget arrears, which remained at 64 million euros for a second month. Month... underlying subcategories. Hospitals showed the largest rise (+252 million), followed by state budget (+15
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Household expenditure edges up again in 2018, still well below pre-crisis level
Society, of the family budget on food. For non-poor households,19.2 percent of the budget is spent on food..., the expenditure of such households on health comes to 9.2 percent of the family budget, while
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General govt primary cash surplus at 4.35 bln in Aug, arrears up by 270 mln
EconomyMacroeconomygovernments fell by 254 million euros to stand at 159 million euros. Overall, the state budget... by state budget arrears (+17 million) and extrabudgetary funds (+6 million). Declines were seen... (+207 million), state budget (+29 million) and local governments (+7 million). Declines were noted
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyin the draft budget estimate growth will reach 2.8 percent next year, mostly led by a substantial... are associated to a slowdown in foreign demand and an under-execution of the public investment budget... budget is worth 0.6 percent of GDP and includes a 4-percentage point reduction in corporate taxation
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Newsletter 227 -08/11/2019
package that the Greek authorities incorporated in next year’s budget is worth 0.6 percent of GDP... budget primary balance rising by 2.37 billion euros and landing at 4.55 billion euros, compared... last year was 1.81 billion. The breakdown of the state budget primary balance figures showed
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