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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomy. The Public Investment Budget (PIB) deficit increased to 191 million in May from 155 million a year ago... last year, mainly due to a deterioration in February. As noted on Wednesday, the preliminary budget execution figures released by the Finance Ministry (MoF) revealed that the budget primary surplus
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General govt primary cash surplus at 2.25 bln in May, arrears rise
EconomyMacroeconomy. The primary surplus of the state budget also declined by 1.15 billion to stand at 757 million... of hospitals (-57 million), local governments (-18 million) and state budget (-2 million... budget arrears rising by 70 million and extrabudgetary funds by 65 million. Tax refunds fell by 16
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Primary cash balance records deficit of 434 mln in first six months
EconomyMacroeconomyBudget (PIB) deficit eased to 92 million in June from 101 million a year ago. The six-month PIB balance.... As previously noted, the preliminary budget execution figures released by the Finance Ministry (MoF) revealed that the budget primary surplus rebounded by 18.6 percent to 1.94 billion during the six-month
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General govt primary cash surplus falls to 2.63 bln in six-month, arrears rise to 5.13 bln
EconomyMacroeconomyfor the same period last year. The primary surplus of the state budget also declined by 1.32 billion... million). Arrears to the state budget remained neutral month-on-month. Since the beginning of the year... to hospitals (+104 million), extrabudgertary funds (+79 million), state budget arrears (+70 million
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Macron arrives in Athens, kindling government's hopes
PoliticsGreek Politicsand the creation of a sizeable eurozone budget. They are proposals that have Greece’s backing. The current... the mainstream parties in Greece seem enthused by the idea of creating a budget that will be large enough... Germany’s backing, Berlin sees the creation of a common budget in a very different way to what
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Newsletter 135 - 13/10/2017
is included in Greece’s draft budget. The IMF’s tax revenue projections also differ by about a third... jumped from 5.1 billion in June to 6.03 billion in August. In the draft budget tabled last week... the issuance of 70,000 pensions by year end. In the draft budget, the Finance Ministry outlines that up
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Tsakalotos stands ground on taxes, finalises social dividend plan
PoliticsGreek Politicsbudget to defend the government’s fiscal choices, which have often provided the opposition parties... the level of taxation. Houliarakis told Parliament’s budget committee that tax is to high... up by 300 million euros that were earmarked for health and education in the 2017 budget. Another 800
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Newsletter 142 -1/12/2017
expectations as new budget targets come into force The primary surplus beat its target by 2.58 billion euros, while expenditure came to 33.26 billion euros, 1.17 billion euros off target. The budget...) final budget execution bulletin showed. The primary surplus beat its target by 2.58 billion euros
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Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
EconomyProgrammeand other spending to compensate on underspending on the social budget and reduce other payment... of GDP in savings as part of the 2018 budget. The sMoU leaves some space for recalibration... to rebalance the budget, according to the lenders’ view, towards more growth-friendly and distributionally
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Coalition in last-minute legislative rush, extends helping hand to MPs
PoliticsGreek PoliticsHaving passed the 2018 budget earlier this week, the government is continuing a busy week... of the more onerous elements in next year’s budget. There are no serious concerns at this moment about any... that the budget vote on Tuesday also saw independent MP Theodora Megalooikonomou, formerly of the Union
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