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EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
Economy, according to the preliminary data released by the Ministry of Finance (MoF). The state budget balance..., the primary balance in March turned negative showing a deficit of 497 million. This is mostly due to lower... reflecting a low base effect. Overall, the 3-month PIB balance showed a surplus of 1.12 billion
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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economyto the final data released by the Ministry of Finance (MoF). Although the state budget balance... subsidies. Similarly to the budget balance, the primary balance was also weaker in March showing... PIB balance posted a surplus of 1.12 billion, 0.9 percent below last year’s figure of 1.14 billion
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Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
Economylevels, the budget balance in the four-month period continues to beat targets by around 300 million euros. This reflects lower expenditure (977 million) and a higher Public Investment Budget (PIB) balance... also exceeded their target by 398 million. The PIB balance of 897 million in the four-month period beat
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economyoffsetting lower Public Investment Budget (PIB) balance (129 million short of target from over-performance of 390 million in the 4-month period.). The monthly evolution of the primary balance showed... to 5.9 billion. The PIB balance showed the over-performance of 390 million until April being reversed
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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... military procurement by 295 million. The PIB balance was the second key contributor to the fiscal
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyGreece’s budget execution showed a deterioration in September, with the primary balance recording... primary balance reading so far this year. The negative result primarily reflects a marked rise... was partly offset by lower expenditure (by 3.1 billion) and a better than expected PIB balance (by 929
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Newsletter 70 - 15/04/2016
a record low of 692 in absolute terms. Net hirings in March The employment balance showed net..., continuous high unemployment rates and weak balance sheets of financial institutions will weigh... on lenders’ balance sheets amounts over a fifth of the total loan portfolio. Because the ownership structure
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomy(by 363 million). These two factors more than made up for the lower-than-expected PIB balance (by 366 million). It is worth noting that the monthly balance displayed a primary deficit of 366 million... and PIB revenues. The state budget balance also displayed a surplus of 215 million euros in Q1
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Primary cash surplus improves to 2.93 bln at end of April
EconomyMacroeconomyGreece’s central government primary cash balance significantly widened to 2.93 billion eurso... of Greece (BoG) figures. The monthly figure also improved, with the primary cash balance showing a surplus of 83 million in April from deficit of 135 million last year. The net balance of the central
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomypreviously. The 4-month primary balance figure indicates an overperformance of 2.15 billion compared... targeted PIB balance. In April in particular, the primary balance showed a modest surplus of 43... balance displayed a deficit of 154 million in the 4-month period versus target for a much higher
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