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Newsletter 31 - 19/06/2015
40.8 percent in Q1, up from from 39.9 percent in Q4. In absolute numbers, NPEs exceeded 100 billion... NPE exposure of 100 million, banks would have to set aside about 44 million in loan provisions..., spending miss targets Greece’s budget execution showed that the 5-month primary surplus more than doubled
6% -
Greece closes 2013 with 691 mln budget primary surplus despite late investment spend
EconomyMacroeconomyGreece’s 2013 budget execution showed a primary surplus of 691 million euros (0.4 percent of GDP... of Finance (MoF) on Tuesday. The state budget deficit narrowed 65.9 percent to 5.35 billion (2.9..., the MoF reported a large part of the Public Investment Budget (PIB) expenditure in the last month
6% -
Greek MPs pass 2015 budget but give few clues for presidential vote
PoliticsGreek PoliticsThe government won the vote for the 2015 budget in the early hours of Monday but the result... MPs voted in favour of the budget, 134 against and 1 voted present. One government MP (PASOK) was unable to vote, while one independent backed the budget. Katerina Markou an independent formerly
6% -
Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
EconomyMacroeconomyGreece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday. Following the tabling of the 2017 budget in Parliament last Monday, the Finance Ministry
6% -
Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Tuesday evening the final version of the 2018 budget, which the government hopes will be the last budget of the memorandum era as the current European... budget had included a forecast for 2.7 percent expansion. Following a substantial revision
6% -
Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyinvestment spending appear higher at state budget level than it was. In a statement accompanying the preliminary budget release for December, Deputy Finance Minister Theodoros Skylakakis claimed that the Public Investment Budget (PIB) execution last year was better than 2018 because in the previous
6% -
Budget primary balance dips to deficit of 1.51 bln in April on Covid-19 measures
EconomyMacroeconomyThe budget primary balance recorded a deficit of 1.51 billion euros in the first four months...) budget execution bulletin for April showed on Friday. The primary surplus was below its target.... For the same month last year, the primary surplus stood at 20 million euros. The budget balance
6% -
Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomyThe budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday. The budget for May has been widely considered
6% -
Budget primary shows deficit of 5.86 bln in June, target shortfall widens to 6.18 bln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 5.86 billion euros in the first half of 2020, compared to a surplus of 381 million noted in June 2019, the preliminary Finance Ministry (MoF) budget.... For the same month last year, the primary deficit came to 535 million euros. The budget balance
6% -
Budget primary shows deficit of 6.61 bln in August
EconomyMacroeconomyThe budget primary balance recorded a deficit of 6.61 billion euros in the first eight months... (MoF) budget execution bulletin for August showed on Wednesday. The primary surplus was below its.... The budget balance in the first eight months of the year recorded a deficit of 10.80 billion euros
6%