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  1. Tsipras pledges array of tax cuts, hopes for break on pensions
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    problem has been addressed as a result of the June Eurogroup agreement. He argued that this secured... for monthly benefits of between 70 to 200 euros. Tsipras tied this measure to Greece’s demographic problem... countries, our 2019 budget in mid-October,” said the SYRIZA leader. He added that apart from being

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  2. Post-Covid era dawns on new landscape for bad debt in Greece
    Photo by MacroPolis

    EconomyFeatures

    of the total volume of NPLs. One aspect of the problem has been institutional. Seizing... and house prices 40 pct below their pre-crisis high. The problem was also political, and more broadly... is due to come into effect in July 2021. The size of the primary residence problem has not been

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  3. Greece on way to 2013 primary surplus as budget outperformed targets by 3.85bn euros to August

    Economy

    The budget execution to August showed revenues outperforming monthly targets by 400 million euros..., with the latter being significantly boosted by cumulative Public Investment Budget (PIB) revenues of 2.2 billion. Moreover, a Jan-Aug primary surplus of 1.36 billion and a budget deficit of 4.0 billion

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  4. EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target

    Economy

    Greece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter..., according to the preliminary data released by the Ministry of Finance (MoF). The state budget balance... of 487 million to February. Nevertheless, this year’s budget deficit has narrowed by 69 percent from

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  5. Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
    Photo by MacroPolis

    Economy

    Greece’s budget execution showed a primary surplus of 707 million euros in the first half... to the final data released by the Ministry of Finance (MoF). The 6-month state budget deficit narrowed... in June from deficit of 340 to 520 million euros in the preceding three months. Similarly, the budget

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  6. This is how Greece kept its budget on track in Q1

    Agora

    Recent Greek budget data showed the huge revenue gap of 968 million euros recorded in January... Investment Budget), which is defined as revenues (before tax refunds) minus primary expenditure, showed... and a large part of non-payroll costs). A closer look at the evolution of the key budget items reveals some

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  7. Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

    EconomyMacroeconomy

    Greece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more... budget bulletin released on Thursday. Note that the preliminary budget figures were published a week ago...) and higher Public Investment Budget (PIB) balance (by 1.11 billion) more than offsetting a revenue gap

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  8. Marked improvement for budget execution in Oct, primary surplus outperformance extended

    EconomyMacroeconomy

    Following a deteriorated fiscal performance in September, Greece’s budget primary balance showed... (MoF) preliminary budget figures showed on Friday. The October balance is the second highest monthly... expenditure (by 2.82 billion), higher Public Investment Budget (PIB) balance (by 821 million) and lower tax

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  9. Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln

    EconomyMacroeconomy

    Greece’s budget primary balance displayed a surplus of 1.46 billion euros in October from a deficit of 726 million in September, the Finance Ministry (MoF) final budget figures showed on Wednesday... (by 2.82 billion), higher Public Investment Budget (PIB) balance (by 821 million) and lower tax refunds

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  10. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    Greece’s budget primary surplus was confirmed at 4.34 billion euros in the 11-month period of 2015...) final budget figures published on December 24. However, the monthly evolution shows a primary..., the 11-month budget primary surplus over-performed by 1.69 billion euros largely due to lower primary

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