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  1. No final word on pension cuts as lenders prepare for return to Athens next week
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    relating to next year’s budget. The institutions are due to arrive in Athens on September 10. The mission is expected to last four days. The draft budget has to be submitted to Parliament on October 1... is that fiscal targets for 2019 are met and that the budget composition is growth-friendly,” he said

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  2. General govt primary cash surplus at 2.82 bln in July, arrears unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    compared to 1.44 billion for the same period last year. Overall, the state budget primary balance... in hospitals. No change was noted in state budget arrears. Since the start of the year, total arrears have... by 661 million, followed by extrabudgetary funds (-36 million), and state budget arrears (-17 million

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  3. Fiscal matters expected to dominate talks as lenders return for post-MoU check

    EconomyProgramme

    will be discussed this week is the execution of the budget and how that is fitting in with the fiscal targets... high up on the agenda. The discussion regarding this year’s fiscal data and next year’s budget... is available. However, this will also have to be reflected in next year’s draft budget, which is due

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  4. Eurogroup suggests there is scope for pension cuts to be called off

    EconomyProgramme

    budget in Greek Parliament. The plan submitted in Athens contained two scenarios regarding the pension... in the budget. This is why we have two scenarios.” Moscovici and Regling At Monday’s press conference....” He said that this means Greece’s draft budget will be examined after October 15, as is the case

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  5. General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    euros to come to 1.67 billion versus 1.60 billion noted a year ago. Overall, the state budget... budget arrears remained unchanged month-on-month. A decrease was noted in local governments which... by extrabudgetary funds (-35 million), and state budget arrears (-17 million). Increases were noted in tax

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  6. Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 4.80 billion euros in the first nine months of 2018, according to the final budget execution bulletin for September published by the Finance... billion seen in August. The balance for the same month last year came to 998 million euros. The budget

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  7. Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
    Photo via http://www.delphiforum.gr/

    EconomyMacroeconomy

    presented a draft 2019 budget with two scenarios, adding that this created a good basis... last week that Brussels has approved Greece’s draft budget and that the pension cuts will be scrapped... percent for such a scenario in the draft budget. The local media has suggested that if the two sides

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  8. General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , the state budget primary balance showed a decline of 181 million euros to come to a surplus of 2.17 billion... (-43 million), state budget (-24 million) and extrabudgetary funds (-2 million). Increases were noted... arrears fell by 698 million, followed by tax refunds (-66 million), state budget (-41 million

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  9. Primary cash surplus at 19.54 bln in October on monthly and aggregate expenditure falls
    Photo by MacroPolis

    EconomyMacroeconomy

    payments made during October, expenditure fell by 849 million euros. The Public Investment Budget (PIB... to a deficit of 651 million for the same time last year. The preliminary budget execution figures released by the Finance Ministry (MoF) for October showed that the budget primary balance came to a surplus

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  10. OECD sees 2.2 pct growth in 2019, stressing importance of reform adherence

    EconomyMacroeconomy

    Ministry’s latest forecast in the draft budget for 2019 sees growth of 2.1 percent this year... measures in the 2019 budget are expected to support this outcome, most notably lower corporate income tax... servants. The OECD notes that if slower growth hampers meeting the targets, or if the budget balance

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