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Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
Economymillion lower than the preliminary figure published on January 14. As already evident in the preliminary... better than target and PIB balance was 206 million lower than expected. Note, though, that revenue... unpaid obligations created in December. Overall, unpaid taxes grew by more than 48 percent in 2014
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyof Finance (MoF) on Friday. However, the end-year figure of 2.18 billion euros was 1.5 billion lower than... shrank by more than 3.5 billion euros year on year (YoY) to 3.44 billion in 2014 from 7 billion last... displayed the highest primary surplus at 2.42 billion euros in 2014, albeit lower than the 3 billion
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Economyto a revenue shortfall of 968 million, while expenditure was almost 100 million better than target... million lower than target. The revenue shortfall stems from the extension of the VAT payment until... by 4.9 percent in January to 3.1 billion, 53 million better than the target. In particular, salaries
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyThe general government (gg) primary cash balance showed the surplus shrinking by more than two... million, making up more than 20 percent of outstanding arrears. Social security funds followed suit with their arrears up by 71 million MoM to 1.89 billion accounting for slightly less than half
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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economypercent for loans (less than 60 days past due) and GGBs. The bulk of collateral is in the form of pillar... banks have so far used pillar II bonds with a nominal value of more than 45 billion euros, while... 80 billion. This means that Greek banks may raise additional liquidity of less than 20 billion
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This is how Greece kept its budget on track in Q1
Agoraexpenditure, which was just 53 million better than target in January, displayed a strong outperformance... 240 and 845 million euros. This means that the collected revenues in each month are more than... significant revenue collection, with VAT revenues coming in 30 percent lower than those collected
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What next for Greece's revenues and spending?
Agoraand the absence of ANFA income, the actual figure for June may miss the target by more than 400 million... budget projected much higher revenues of 6.43 billion euros. This is due to the inclusion of more than... (with incremental revenues of more than 800 million compared to the regular monthly figure
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomyThe general government (gg) primary cash surplus more than halved to 557 million in the 5-month... period last year. Although narrowing by more than 37 percent, local government’s also displayed... more than offsetting a reduction in expenditure by 6.3 percent to 13.9 billion. Arrears Arrears
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomyInvestment Budget (PIB) balance (by 1.81 billion) more than offsetting a revenue gap of 1.67 billion... expenditure was surprisingly 961 million better than target and PIB balance 700 million above target leading... than target. In the absence of SMPA and ANFA income in May and June, the respective 6-month figure
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Report sees fall in salary earners, big rise in part-time work during crisis
Economy, the number of salary-earners in the private sector fell by more than 300,000 in the 2010-14 period compared... a rise in part-time employees with flexible employment making up more than half of total new hirings from... to the total jumped from 28 percent in 2009 to more than 44 percent in 2014. The net balance of hirings minus
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