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Newsletter 119 - 19/05/2017
, pointing to a faster GDP rebound of 2.1 and 2.2 percent, respectively. Budget primary balance records... to the fiscal forecasts and interventions for the coming years, the MTFS also updated the state budget estimates for 2017. The budget primary surplus (on a modified cash basis) for 2017 was upwardly revised
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomythat they had granted, along with Attica Bank, a medium-term syndicated bond loan of 2.2 billion euros.... This entails a total value for 100 percent of ADMIE at 1.33 billion. PPC held an extraordinary...’) existing contractual rights” deriving from the 2.2 billion syndicated loan since “through
6% -
Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomyQoQ. Outlook In the final 2026 budget, the Finance Ministry sees growth at 2.2 pct for 2025 and 2.4 pct next year. The Bank of Greece (BoG) sees 2025 growth at 2.2 pct The European Commission in its... quarter of the year if the 2.2 pct growth forecast for the year of the finance ministry is to materialise
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Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
EconomyMacroeconomyGreece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1... budget execution bulletin published on Thursday. The headline figure represents an outperformance... million), more than offsetting an underperformance of the Public Investment Budget (PIB
6% -
Five-month budget primary surplus of 2.27 bln, revenues outperform in May
EconomyMacroeconomyGreece’s budget primary surplus stood at 2.27 billion euros in the 5-month period of 2016 up... budget execution bulletin showed on Thursday. The headline figure means there was an over-performance.... In contrast, Public Investment Budget (PIB) balance fell slightly short of target by 74 million
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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.84 billion euros in the 5-month period of 2017... budget execution bulletin showed on Wednesday. As we noted a month ago, the MoF updated in the May bulletin its previous annual budget estimates for 2017, included in the 2017 budget, with those
6% -
Budget primary balance confirmed at deficit of 6.10 bln in June
EconomyMacroeconomyThe budget primary balance recorded a deficit of 6.10 billion euros in the first six months of 2020, compared to a surplus of 381 million noted in June 2019, the final Finance Ministry (MoF) budget... month last year, the primary deficit came to 535 million euros. The budget balance in the first six
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Budget primary deficit of 7.46 bln confirmed for July as revenues sag
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.46 billion euros in the first seven months...) budget execution bulletin for July showed on Thursday. The primary surplus was below its target by 8.63.... For the same month last year, the primary deficit came to 1.38 billion euros. The budget balance
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Budget primary confirmed at deficit of 5.48 bln in August
EconomyMacroeconomyThe budget primary balance recorded a deficit of 5.48 billion euros in the first eight months...) budget execution bulletin for August showed on Friday. The primary surplus was below its target by 6.67.... For the same month last year, the primary deficit came to 1.14 billion euros. The budget balance
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Budget primary shows deficit of 7.01 bln in September
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.01 billion euros in the first nine months...) budget execution bulletin for September confirmed on Monday. The primary surplus was below its target.... The budget balance in the first nine months of the year recorded a deficit of 11.27 billion euros compared
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