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  1. General government primary cash surplus widens notably to 5.14 bln at end of Nov
    Photo by MacroPolis

    EconomyMacroeconomy

    in the state budget primary surplus, which almost doubled to 3.6 billion this year. Local governments recorded... stock. The outstanding balance stood at 715 million euros at the end of November, with state budget

    1%

  2. The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
    Photo via Greek Finance Ministry

    EconomyProgramme

    savings of 1 percent of GDP for 2016. In the 2016 budget, the Finance Ministry (MoF) adopted those cost... stable. On the revenue front, the 2016 budget includes measures of 2.2 billion euros in 2016 to meet

    1%

  3. Wide range of exacting issues lie ahead for Greece in first bailout review
    Photo by MacroPolis

    EconomyProgramme

    . The 2016 budget voted on December 5 envisages a primary surplus of 0.53 percent of GDP for 2016... billion euros for 2016, with more than half stemming from revenue interventions. Although budget tax

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  4. EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    Economy

    In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015.... In addition, the EC stresses that although the 2016 budget envisages additional savings of 1.1 percent

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  5. Newsletter 61 - 05/02/2016

    Newsletters

    system is not currently sustainable since the budget pays each year around 10 percent of GDP... such as Lesbos, Kos and Samos are considerable. However, the UNHCR budget is limited. In 2015

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  6. Clock ticks on bailout review but big gaps remain between Greece, lenders

    EconomyProgramme

    in question, possibly through the passing of a new law. Fiscal issues and MTFS Although budget... by 1.13 billion, there are several items worth around 1 billion (0.6 percent of GDP) in the 2016 budget

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  7. Primary cash surplus of 386 mln in Jan from deficit last year

    EconomyMacroeconomy

    is fully attributed to the soaring Public Investment Budget (PIB) surplus of 429 million this year from... stood at 116 million up 52.6 percent over last year’s figure of 76 million. The budget execution

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  8. A closer look at 2015 revenues reveals size of hit they took
    Photo via Flickr https://flic.kr/p/nphVW

    EconomyMacroeconomy

    report on a monthly basis. The bulk of the reported figures were already known from the final budget.... In the 2016 budget, the Finance Ministry incorporated revenues from VAT reshuffling of 427 million euros

    1%

  9. General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
    Photo by MacroPolis

    EconomyMacroeconomy

    in the budget figure, which rose by 685 million to 927 million in January. Extra-budgetary funds followed... at 706 million, state budget at 437 million, local governments at 283 million and extra-budgetary

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  10. Gov't unveils bill to overhaul pension system, increase income tax revenues

    EconomyProgramme

    working years. The national pension is not funded by contributions but only from the state budget... of 190 million euros in 2016 that was never implemented. The 2016 budget envisaged gaming revenues

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