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Newsletter 205 -10/05/2019
investment budget. Overall, gross fixed capital formation declined by 12.2 percent last year and is seen.... The main downside risk is seen as coming from repeated under spending of the public investment budget
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Primary cash balance at surplus of 232 mln in Apr
EconomyMacroeconomyby 1.19 billion euros to stand at 16.57 billion euros. The Public Investment Budget (PIB) balance came... million euros, declining by 650 million euros year-on-year. The preliminary budget execution figures
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Primary surplus target still on lenders' agenda despite snap elections
EconomyProgrammethat the measures implemented for this year have thrown the budget off course and that the 3.5... percent this year might not be reached by a significant margin. In 2020, there will be a new budget, so
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Newsletter 209 -07/06/2019
is the result of a significant budget under-execution. It outlined the areas where Greek authorities have spent.... Given that the budget under-execution is not included in the European institutions' baseline scenario
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesto rely on funding from elsewhere in the budget rather than redistributing the tax burden. SYRIZA.... With questions already being asked about the capacity of the budget to fund the 3 billion euros’ worth
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgramme, Greece is due to send its draft 2020 budget to the European Commission by September 15. Earlier... of a consistent under-execution of the budget. Both of these issues will have to be addressed promptly
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek Politicsto give the new government the space it needs to implement its programme. “The 2020 budget… will contain... the 2020 budget has to be sent to the European Commission and New Democracy will set out its four
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Newsletter 211 -21/06/2019
of Finance reported this week that the preliminary budget primary balance recorded a surplus of 918... “Compensation of Employees”. On an annual basis, state budget expenditure was higher in the 2019
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Primary cash balance at surplus of 438 mln in May
EconomyMacroeconomy. The Public Investment Budget (PIB) balance came to a deficit of 174 million euros in May, showing... of 399 million euros. The preliminary budget execution figures released by the Finance Ministry (MoF
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Mitsotakis pleads for strong mandate as polls suggest ND heading for landslide win
PoliticsGreek Politicsare reducing the ENFIA property tax by 30 percent over two years. This will be included in the 2020 budget. The conservatives also aim to reduce in next year’s budget the base rate of income tax for anyone
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