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  1. Asking Greece to stack more austerity measures ignores past failings
    Photo by Harry van Versendaal

    Agora

    in the first quarter of 2016. Yet, the budget execution of that year missed the primary surplus... was too late to act, it submitted a budget that intended to cut the deficit by 3.6 percentage points... on the memorandum with the troika, Greece tabled a 2011 budget that had an additional 9.2 billion in measures

    2%

  2. Primary cash surplus improves to 2.93 bln at end of April

    EconomyMacroeconomy

    of the 4-month figure reflects higher revenues and Public Investment Budget (PIB) coupled with lower expenditure. In specific, ordinary budget revenues fell 5.5 percent in April, but the 4-month figure rose... positive and reached 1 billion improving from last year’s surplus of 703 million. The budget execution

    2%

  3. Newsletter 78 - 17/06/2016

    Newsletters

    approval from the ECB’s Single Supervisory Mechanism (SSM). The budget execution for the 5-month..., the jobless rate fell 1.7 percentage points. Surplus up 50% on last year Greece’s budget primary surplus... refunds) beat the target by 879 million. In contrast, the public investment budget (PIB) balance fell

    2%

  4. Primary cash surplus widens to 2.66 bln in first five months of 2016

    EconomyMacroeconomy

    and to a lesser extent higher Public Investment Budget (PIB) balance. In particular, ordinary budget... from last year. The budget execution figures published by the Finance Ministry on Thursday showed

    2%

  5. General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln

    EconomyMacroeconomy

    and of the social security funds (SSF) by 1.05 billion followed by a rise in the state budget primary... million. In absolute terms, the state budget and the extrabudgetary funds’ primary cash surpluses... accounting for more than 16 percent of total arrears. In addition, state budget arrears increased

    2%

  6. Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln

    EconomyMacroeconomy

    at 4.33 billion down by 7.6 percent. The Public Investment Budget (PIB) balance posted a deficit of 378... (MoF) published the budget execution bulletin showing a primary surplus of 3.57 billion... that the budget figures reported by the MoF do not including the expenditure related to arrears

    2%

  7. Greece's harsh social reality

    Agora

    resources in types of spending. Households average monthly expenditure, according to the annual Budget... budget allocation to food, Greeks dietary habits have taken a turn for the worse. Since 2009... of expenditure, durable goods have also lost two percentage points in the household budget allocation

    2%

  8. State clears 440 mln in arrears to private sector in July

    EconomyMacroeconomy

    . In addition, 465 million was transferred to the state budget, 383 to social security funds and 245.3 million to extrabudgetary funds and state-owned enterprises. Of those amounts, state budget payments were... to hospitals, 677.2 million to state budget, 371 million to local governments and 338.2 million

    2%

  9. Programme talks on fiscal issues open wide range of concerns

    EconomyProgramme

    discussions should follow regarding the 2017 budget and achievement of fiscal targets. This development... in the 2017 draft budget that was tabled on October 3, while the downward revision of 2015 GDP and fiscal.... The Finance Ministry has tried to play down the institutions’ concerns stressing the budget

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  10. Some progress in first round of talks but most second review issues remain unresolved
    Photo by MacroPolis

    EconomyProgramme

    on fiscal issues mostly focused on this year’s budget execution and the 2017 draft budget in the wake... budget, while the downward revision of the 2015 GDP and fiscal outcome also increased doubts over

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