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Marked rise in expenditure leads to a budget primary deficit in Nov
EconomyGreece’s budget primary balance turned to a deficit of 184 million euros in November following... Ministry (MoF) preliminary budget figures showed on Tuesday. The month on month (MoM) deterioration... (by 1.83 billion) and higher Public Investment Budget (PIB) balance (by 779 million), against a revenue
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Budget primary surplus surges to 3.04 billion, extending outperformance
EconomyMacroeconomyGreece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday. The notable year on year (YoY) improvement largely reflects surging Public Investment Budget (PIB) revenues up
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Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance
EconomyMacroeconomyGreece’s budget primary surplus climbed to 2.68 billion in the first quarter of 2016 from 1.73 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday. However.... In the previous two months of this year, the budget execution had displayed a primary surplus of 1.19
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Budget primary surplus to Oct hits 6.5 bln as revenues deliver again
EconomyMacroeconomyGreece’s budget primary surplus surged 43.4 percent to 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin... to the budget over-performance in 2016. Detailed figures on the performance of the key revenue items
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Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
EconomyMacroeconomyGreece’s budget primary surplus almost doubled to 4.44 billion euros in 2016 from 2.27 billion in 2015, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday. The preliminary... outperformance (by 1.88 billion) coupled with lower Public Investment Budget (PIB) deficit (by 264
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Budget primary surplus falls to 1.1 bln in Q1, slightly above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.07 billion euros in the first quarter (Q1...) preliminary budget execution bulletin showed on Tuesday. The year to date outperformance was trimmed... lower than the target and the Public Investment Budget (PIB) surplus was 149 million better than
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyThe budget primary balance posted a surplus of 1.74 billion euros in the 4-month period of 2017... budget execution bulletin revealed on Monday. However, the year-to-date outperformance widened from just... by 152 million. In addition, the Public Investment Budget (PIB) surplus was 97 million lower than
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Draft budget sees stronger growth, fiscal targets being met
EconomyMacroeconomydraft budget, which contains its fiscal estimates as well as the underlying macro assumptions. The MoF... effects into 2018. The draft budget estimates that GDP will grow by 1.8 percent, slightly improved.... Budget net revenues for 2017 have been downward adjusted to 49.8 billion, largely reflecting lower
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Parliament gears up for budget vote as auction concerns persist
PoliticsGreek PoliticsParliament is preparing for a vote on the 2018 budget late on Tuesday, with opinion polls giving differing views of the political balance in Greece as the year comes to an end. The vote on the budget.... Nevertheless, it is a landmark moment for the government as it puts to bed the last budget of the MoU era
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After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
EconomyProgrammeare expected to give the 2019 budget the final green light and urge Athens to quickly shift its... is due to vote on the budget on December 15, by which time the government is also expected to have... accumulating from budget year 2017. The disbursements are scheduled to reach Greece in equal amounts, semi
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