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State clears 440 mln in arrears to private sector in July
EconomyMacroeconomy. In addition, 465 million was transferred to the state budget, 383 to social security funds and 245.3 million to extrabudgetary funds and state-owned enterprises. Of those amounts, state budget payments were... to hospitals, 677.2 million to state budget, 371 million to local governments and 338.2 million
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Programme talks on fiscal issues open wide range of concerns
EconomyProgrammediscussions should follow regarding the 2017 budget and achievement of fiscal targets. This development... in the 2017 draft budget that was tabled on October 3, while the downward revision of 2015 GDP and fiscal.... The Finance Ministry has tried to play down the institutions’ concerns stressing the budget
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammeon fiscal issues mostly focused on this year’s budget execution and the 2017 draft budget in the wake... budget, while the downward revision of the 2015 GDP and fiscal outcome also increased doubts over
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Talks on bailout review head for crucial weekend
EconomyProgrammeof the tabling of the 2017 budget on Monday. In the draft budget tabled on October 3, the Finance Ministry... budget will be used for granting pending main pensions, while an additional amount of 905 million
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Second round of review talks concludes without breakthrough on labour reforms
EconomyProgrammedividend. The 2017 budget noted that “due to the fiscal outperformance (with 2016 primary surplus... to distribute only the portion that is considered absolutely safe, taking into account the budget... Budget, as well as potential revisions by Eurostat. After the conclusion of the second round
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Review delay brings Greek liquidity needs back into focus
EconomyProgrammeexpenditure and increasing repos. According to the 2017 budget, the primary balance is foreseen to remain... as postpone a part of the Public Investment Budget (PIB) expenditure, to avoid having to also finance a budget deficit and improve its liquidity position. At the same time, the government has the option
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomy. This outweighed a deterioration in the state budget balance by 2.6 billion. In addition, the local government... followed by SSCs posting a surplus of 1.54 billion. On the flipside, the state budget balance turned...) followed by hospitals (-481 million) and state budget (-295 million). In contrast, extrabudgetary
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Macron arrives in Athens, kindling government's hopes
PoliticsGreek Politicsand the creation of a sizeable eurozone budget. They are proposals that have Greece’s backing. The current... the mainstream parties in Greece seem enthused by the idea of creating a budget that will be large enough... Germany’s backing, Berlin sees the creation of a common budget in a very different way to what
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Tsakalotos stands ground on taxes, finalises social dividend plan
PoliticsGreek Politicsbudget to defend the government’s fiscal choices, which have often provided the opposition parties... the level of taxation. Houliarakis told Parliament’s budget committee that tax is to high... up by 300 million euros that were earmarked for health and education in the 2017 budget. Another 800
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Coalition in last-minute legislative rush, extends helping hand to MPs
PoliticsGreek PoliticsHaving passed the 2018 budget earlier this week, the government is continuing a busy week... of the more onerous elements in next year’s budget. There are no serious concerns at this moment about any... that the budget vote on Tuesday also saw independent MP Theodora Megalooikonomou, formerly of the Union
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