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Strong income tax revenues and contained spending maintain budget outperformance in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared... Ministry (MoF) budget execution data released on Wednesday. In the period, the budget primary balance... and the public investment budget, came to 20.98 billion euros. Net revenues came to 28.97 billion euros
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Budget underspend carries on in Oct as taxes continue to outperform
EconomyMacroeconomyThe budget primary balance produced a surplus of 10.3 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary... and the public investment budget, came to 44.28 billion euros. Net revenues were 60.96 billion euros
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PM launches reconstruction plan for disaster-hit regions as SYRIZA walkout spawns new group
PoliticsGreek Politicsby the EU, though the state budget would also have to chip in. Among the measures announced... infrastructure. Also announced were a doubling of state support from the budget from 300 to 600 million euros... euros had to be diverted from the budget to cover shortfalls in the farmers’ insurance fund ELGA
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Why doesn't Tsipras just cut defence spending?
AgoraMinister Alexis Tsipras faces in slashing the defence budget is that – contrary to what many people... budget, the government spent an average of 428 million euros on military procurements in each... the crisis began, more than 70 percent of the defence budget was used to pay staff but, according
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Newsletter 90 - 30/09/2016
Primary surplus data confirmed Finance Ministry expected to table 2017 draft budget on Monday The final budget execution bulletin released on Tuesday confirmed preliminary figures that put..., 340.9 million to ENFIA and 191.3 million The budget underspend stems from much lower expenditure
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Newsletter 99 - 09/12/2016
interest rate margin of 200 basis points related to the debt buyback and reducing the interest rate..., with the exception of the state budget, which posted a deterioration of Eurogroup says Greece should... published by the General Secretariat of Public Revenues, budget revenues stood at 4.84 billion
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Newsletter 129 - 28/07/2017
. Total offers amounted to 6.25 billion from 200 investors, largely dealing in real money, according... a slower growth of 0.9 percent in the previous quarter. Primary budget surplus at 1.94 bln in H1 Breakdown reveals tax revenues fell 9.5 percent in June The primary budget surplus stood at 1.94
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Government looks to review visit for nod on tax package
EconomyProgrammeits official creditors that the 3.5 percent primary surplus target this year is not at risk. Budget... the revenues currently stand at 287 million, suggesting a potential underperformance in the region of 200... of September, but the institutions do not seem open to extending the deadline further. 2020 budget
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Fourth review talks conclude with fiscal differences remaining
EconomyProgrammeas the fourth post-programme moves on to the next stage. This involves a draft budget for next year... loans’ securitisation and as such, ministry officials argued that this could bring in 200 million..., the inclusion of the SMP and ANFA profits into the budget seems to be set aside at the moment
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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
EconomyMacroeconomy. Overall, the state budget primary balance showed a fall of 5.53 billion euros, landing at a deficit of 4.85 billion euros. The budget primary balance for the same time last year came to a surplus... budget and local governments (-37 million each). Hospitals fell by a slight 5 million, and local
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