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OECD sees 2.2 pct growth in 2019, stressing importance of reform adherence
EconomyMacroeconomyMinistry’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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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomy. Government spending represents around 18.9 percent of the total. The latest MoF budget for 2019... percent QoQ and rose by 8 percent YoY. The MoF in its latest budget anticipates that exports.... Regarding the MoF’s own forecasts included in the latest budget, the Greek economy will growth by 2.1
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomybudget primary balance showed a rise of 360 million euros to come to a surplus of 3.48 billion euros... funds (+45 million) and state budget (+7 million). Since the start of the year, total arrears have... by 732 million, followed by tax refunds (-138 million) and state budget (-33 million). Increases were
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Primary cash surplus at 20.34 bln in November as revenues grow
EconomyMacroeconomyInvestment Budget (PIB) balance’s deficit came to 373 million in November from a deficit of 1.03 billion... the deficit of 1.68 million last year. The preliminary budget execution figures released by the Finance Ministry (MoF) for November showed that the budget primary balance came to a surplus of 7.61
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General govt primary cash surplus at 7.62 bln in Nov, arrears fall by 42 mln
EconomyMacroeconomymillion euros to come to 2.03 billion versus 2.49 billion noted a year ago. Overall, the state budget... by extrabudgetary funds (-28 million), state budget arrears (-22 million) and local governments (-11 million.... SSF arrears fell by 822 million, followed by state budget (-55 million), tax refunds (-31 million
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Newsletter 190 -18/01/2018
in February. Greece’s 2019 budget was approved in November by the European Commission, with an emphasis... by 443 mln The budget primary balance came to a surplus of 3.16 billion euros in 2018, according to the preliminary budget execution bulletin for December published by the Finance Ministry (MoF
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Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
EconomyMacroeconomyduring December expenditure rose by 152 million euros. The Public Investment Budget (PIB) balance’s... of 3.51 billion last year. The preliminary budget execution figures released by the Finance Ministry (MoF) for December showed that the budget primary balance came to a surplus of 3.16 billion euros
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Second post-MoU review set to begin as Athens eyes return to bond markets
EconomyProgrammethis week are the budget figures for 2018 and the prospects for Greece hitting its fiscal targets... dividend” and the backpay that was given out, it is thought that the 2018 budget will conclude... room as budget revenues are seen at the same level as in 2018 even though the economy is expected
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General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target
EconomyMacroeconomygovernments rose by 80 million to 692 million. Overall, the state budget primary balance declined by 276... budget arrears (-29 million). Extrabudgetary fund arrears rose by a slight 1 million euros..., followed by tax refunds (-259 million), state budget (-86 million) local governments (-38 million
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Primary cash surplus at 735 mln in Jan on expenditure and interest payment rise
EconomyMacroeconomybillion in January. The Public Investment Budget (PIB) deteriorated to a deficit of 27 million euros compared to a surplus of 573 million euros a year ago. The preliminary budget execution figures... revenues came to 4.7 billion euros. It should be noted that the budget execution figures do
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