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  1. Marked improvement for budget execution in Oct, primary surplus outperformance extended

    EconomyMacroeconomy

    Following a deteriorated fiscal performance in September, Greece’s budget primary balance showed... (MoF) preliminary budget figures showed on Friday. The October balance is the second highest monthly... expenditure (by 2.82 billion), higher Public Investment Budget (PIB) balance (by 821 million) and lower tax

    4%

  2. Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance

    EconomyMacroeconomy

    , the monthly balance shows a primary deficit of 359 million from surplus of 494 million in March 2015...) more than offsetting lower than expected PIB balance (by 366 million). The state budget balance showed... lower than target. Overall, PIB balance recorded a deficit of 188 million in March. However

    4%

  3. Primary cash surplus widens to 2.85 bln in Q1

    EconomyMacroeconomy

    Greece’s central government primary cash balance improved to 2.85 billion euros in the first... in the corresponding period last year. The net balance of the central government also recorded a surplus of 524 million euros in Q1 from deficit of 918 million last year. In addition, the March balance displayed

    4%

  4. Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance
    Photo by MacroPolis

    EconomyMacroeconomy

    Investment Budget (PIB) balance fell short of target by 340 million. It is worth noting that the monthly primary balance remained positive for the fourth straight month, with the primary surplus..., after the 1.85 billion recorded in February. In addition, the overall state balance posted a surplus

    4%

  5. Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues

    EconomyMacroeconomy

    ) and higher revenues (by 1.54 billion), while the Public Investment Budget (PIB) balance fell short of target by 340 million. The monthly primary balance remained positive for the fourth successive... this year. Moreover, the overall state balance recorded a surplus of 1.63 billion in September, which

    4%

  6. Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    primary balance remained positive for the sixth successive month and stood at 914 million in November from 1.06 billion in the previous month. The state balance also recorded a surplus for the third... the corresponding expenditure also retreated by 44.5 percent to 486 million. Therefore, the PIB balance recorded

    4%

  7. Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of this reclassification, the reported outstanding loan balance landed at 195.16 billion euros in December from... to those recorded a year ago. The outstanding balance stood at 94.58 billion. The flow in loans to sole... flow to 2.34 billion for the whole year. The outstanding balance fell to 61.4 billion, also due

    4%

  8. Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln

    EconomyMacroeconomy

    months. As a result, the outstanding balance fell to 93.78 billion. The January flow in loans to sole..., with the balance edging down to 13.11 billion. On the household front, the acceleration in deductions led the outstanding balance to 87.09 billion, mostly reflecting an ongoing downswing in mortgages

    4%

  9. Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The budget primary balance recorded a surplus of 1.94 billion euros in the six month period of 2017... than target coupled with higher than expected Public Investment Budget (PIB) balance by 272 million. The monthly primary balance stayed positive for the third straight month but fell to 96 million

    4%

  10. Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    with higher than targeted Public Investment Budget (PIB) balance and slightly higher net revenues. The monthly primary balance stayed positive for the third straight month, albeit slowing to 96 million euros in June from 114 million in the previous month. In addition, the budget balance posted a deficit

    4%