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Greek primary budget surplus to August narrows to 1.95 bln on lower revenues
Economybillion better than its target. The year to date outperformance is entirely due to lower...) balance fell short of targets by 107 and 204 million respectively. Compared to last year’s figures..., outperforming target by 1.2 billion. The year to date cost containment primarily reflects a decrease
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Greek deposit and loan rates slide in September
EconomyMacroeconomyMarch. Following September movement, the year to date contraction stands at 72 bps, reflecting changes in the last six months, since time deposit rate remained stable in the first quarter of the year... rates and T-Bill yields within 2014 mainly reflects last year’s movements, when time deposit rates
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomyin the 9-month period of 2014 from 1.86 billion last year, a 69 percent year on year (YoY) rise, according... that the gg cash deficit halved to 1.7 billion euros from 3.48 billion euros last year. All gg sub... 138 million in the 9-month period from 1.94 billion in the corresponding period last year. Arrears
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyof Greece (BoG). However, the year on year (YoY) growth rate accelerated for the fourth successive month... time this year with outflows of 231 million euros in October following inflows of 120 in September... extent – time outflows of 46 million more than offsetting savings inflows of 79 million. The year
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First rise since 2009 for Greek household disposable income in Q3 2014
EconomyMacroeconomyGreek household disposable income rose by 0.03 percent year on year (YoY) in the third quarter (Q3... billion last year. The marginal increase in disposable income is mainly attributed to a rise... is not fully comparable and we should expect Q4 data for a more concrete picture of this year’s evolution
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyof Finance (MoF) on Friday. However, the end-year figure of 2.18 billion euros was 1.5 billion lower than... shrank by more than 3.5 billion euros year on year (YoY) to 3.44 billion in 2014 from 7 billion last year. Two of the four gg subsectors recorded a small primary deficit for the whole year, namely
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Newsletter 21 - 27/03/2015
surplus target for this year. According to Kathimerini daily, Finance Ministry sources estimate that Greece may achieve a primary surplus of 1 percent of GDP this year if the government does... in 2014 and was expected to produce broadly similar levels by the previous government for this year’s
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Smaller rise of 737 mln for unpaid taxes in April
EconomyMacroeconomystood at 4.21 billion euros, which is 2.8 percent down compared to the corresponding period last year. The absolute figure corresponds to an average monthly increase of 1.05 billion euros so far this year... an increase by 449 million MoM, which is the lowest rise year to date. Note that the effective debt
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Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
EconomyGreece’s budget execution showed the 4-month primary surplus more than doubled year on year (YoY), reaching 2.1 billion from 1.05 billion last year, according to the Finance Ministry (MoF) final... this year’s figure exceeded target by 2.41 billion Revenues Revenues (before tax refunds) rose
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomythe 5-billion-euro mark for the first time this year. However, compared to targets, the year-to-date... accordingly to delay on instalment payments, which were targeted at 300 million Overall, the year... in July after declining by 18.4 percent in June. Last year the first instalment of PIT was due
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