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Fiscal issues dominate talks as fourth post-programme review ensues
EconomyProgrammeon the fiscal front from the finance ministry. However, next year’s budget and to what extent... and ANFA bond profits incorporated in the budget in order to release 1.2 billion euros of fiscal space
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Athens sets out debt management strategy for 2020, reopens 10-year bond
EconomyThe draft budget submitted to Parliament on Monday gives some broad guidelines regarding Greece’s debt management strategy for next year. At the same time, the Public Debt Management Agency (PDMA.... In a dedicated section of the draft budget document, the Finance Ministry, outlined the successful debt
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Primary cash balance surplus at 3.94 bln in September
EconomyMacroeconomyInvestment Budget (PIB) balance came to a deficit of 301 million euros in September, worsening by 241... euros. The Ministry of Finance (MoF) figures for September showed that the budget primary balance
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Newsletter 228 -15/11/2019
, a full 0.5 percent lower than the government’s 2020 budget target, and 2 percent for 2021, with long... on the budget, including the achievability of the 3.5 percent primary surplus target in 2020
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Primary cash balance surplus at 5.56 bln in October
EconomyMacroeconomyInvestment Budget (PIB) balance came to a deficit of 228 million euros, improving by 287 million euros... Ministry of Finance (MoF) figures for October showed that the budget primary balance recorded
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeand SMP profits to be recorded as revenues in the budget, allowing Athens to create more fiscal space... of using the SMP and ANFA profits to replace budget financing appears to have met with the opposition
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Primary cash balance surplus at 6.31 bln in November
EconomyMacroeconomy. The Public Investment Budget (PIB) balance came to a deficit of 243 million euros, improving by 130... euros. The preliminary Ministry of Finance (MoF) figures for November showed that the budget primary
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Mitsotakis pledges more tax cuts in 2020 amid police violence claims
PoliticsGreek PoliticsWednesday night’s vote on the 2020 budget, which saw the economic plan approved by just the 158 New Democracy MPs, was dominated by Prime Minister Kyriakos Mitsotakis announcing further tax cuts... leader Alexis Tsipras raised the issue during the parliamentary debate on the 2020 budget on Wednesday
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammemechanism that would allow the transfer of unused surpluses from one year’s budget to the next.... The government is searching for over 2 billion euros of fiscal space in the 2021 budget and at least
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Primary cash balance surplus at 5.56 bln in December
EconomyMacroeconomyBudget (PIB) balance came to a deficit of 1.62 billion euros, improving by 1.35 billion euros... for December showed that the budget primary surplus came to 4.96 billion euros across the twelve
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