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Newsletter 180 -26/10/2018
presented a draft 2019 budget with two scenarios, adding that this created a good basis for discussions... driven by lower tax refunds and public investments 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
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Q1 gg primary cash balance shows 2.5 bln surplus but 2014 arrears grow
EconomyMacroeconomyin the 2-month period. The worsening gg fiscal performance in March is due to the state budget. The state budget primary surplus at 881 million remains the key contributor to the gg primary balance in Q1 2014 followed by social security funds at 820 million. However, the state budget posted a primary
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Reported widening of revenue shortfall in Feb as liquidity worries persist
EconomyAhead of the publication of February’s budget execution figures next week, Finance Ministry sources... Economic adjustment program methodology. On a cash basis though, it impacts the 2015 budget. The preliminary budget execution bulletin is published on the 10th (or shortly after that) of each month
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General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
EconomyMacroeconomy). The primary surplus of the state budget rose by around 309 million to stand at 4.51 billion euros...-on-month decreases came from SSFs (-240 million), hospitals (-160 million) and state budget arrears (-78..., extrabudgetary funds by 61 million and state budget arrears by 18 million. SSF arrears represent
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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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Come back Cleisthenes, all is forgiven
AgoraCleisthenes has a lot to answer for. Yes, he laid the groundwork for Athenian democracy in 507 BC... ensured the Greek people that their economy was “fortified” and his government drew up a 2009 budget.... By May, the state budget deficit was already at 14.4 billion euros, with 43 percent of the budgeted
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomy. This outweighed a deterioration in the state budget balance by 2.6 billion. In addition, the local government... followed by SSCs posting a surplus of 1.54 billion. On the flipside, the state budget balance turned... to a notable rise in taxes by 3.42 billion to 47.2 billion, while social contributions rebounded by 507
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyThe 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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Central gov't cash deficit down to 1.14 bln in March
EconomyMacroeconomybasis. The remaining difference (277 million) is owed to changes in the state accounts with the BoG... for the budget execution are disclosed on a modified cash basis. Cash revenues rose 2.7 percent to 10.53... percent. Interest payments on a cash basis rose 4.7 percent to 1.99 billion, in line with the budget
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