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  1. Newsletter 94 - 04/11/2016

    Newsletters

    published on Monday, the Parliamentary Budget Office (PBO) warned that the path to economic recovery... that the 2017 draft budget is expected to have a recessionary impact mainly due to its tax-based... in Greece, the prospect of finding 400 million euros or more to cut from the budget is a politically

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  2. Talks on bailout review head for crucial weekend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    of the tabling of the 2017 budget on Monday. In the draft budget tabled on October 3, the Finance Ministry... budget will be used for granting pending main pensions, while an additional amount of 905 million

    2%

  3. Second round of review talks concludes without breakthrough on labour reforms
    Photo by MacroPolis

    EconomyProgramme

    dividend. The 2017 budget noted that “due to the fiscal outperformance (with 2016 primary surplus... to distribute only the portion that is considered absolutely safe, taking into account the budget... Budget, as well as potential revisions by Eurostat. After the conclusion of the second round

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  4. Review delay brings Greek liquidity needs back into focus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    expenditure 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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  5. General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    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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  6. Primary cash surplus almost halves to 1.1 bln in 2-month
    Photo by Panayiotis Tzamaros/Fosphotos

    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

    2%

  7. Primary cash balance turns to 295 mln deficit in Q1
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    figure 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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  8. Newsletter 116 - 28/04/2017

    Newsletters

    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

    2%

  9. Primary cash balance records deficit of 404 mln euros in 4-month period
    Photo by MacroPolis

    EconomyMacroeconomy

    by 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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  10. Newsletter 120 - 26/05/2017

    Newsletters

    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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