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Newsletter 120 - 26/05/2017
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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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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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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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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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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Thessaloniki Port Authority contract signed, Hellenikon takes another step
EconomyProgrammein privatisation revenues in 2018 in order to meet the targets set out in its 2018 budget. The budget also specified around 1.66 billion via privatisations this year. According to the latest preliminary budget
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Newsletter 148 -26/01/2018
analysis points to serious concerns regarding the sustainability of Greek public debt.” 2 Budget primary... than the annual budgeted target. The budget primary balance was confirmed at a surplus of 1.94 billion... stood at 2.78 billion, the Finance Ministry (MoF) final budget execution bulletin showed. The primary
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