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Deposits edge down to 123.5 bln in September on outflows of 379 mln
EconomyMacroeconomyof 1.33 billion in August, Bank of Greece (BoG) figures displayed on Thursday. The deposit balance... area residents’ inflows of 386 and 200 million, respectively. As a result, the outstanding balance edged up to 141.34 billion in September, which is the highest reading since May 2015. The GG balance
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Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
EconomyMacroeconomy. The outperformance mostly reflects a higher PIB balance (by 878 million), stronger revenue collection (by 825 million) and underspend (by 726 million). It is worth noting that the primary balance remained positive for the fifth straight month, at 1.06 billion in October. In addition, the budget balance
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Primary cash surplus to Nov at 3.6 bln, including arrears repayment of 3.4 bln
EconomyMacroeconomycash surplus widened by 2.48 billion to 6.96 billion. The reported monthly balance was negative... repayment, the comparable balance displayed a surplus of 746 million from a deficit of 362 million.... The Public Investment Budget (PIB) balance posted a small surplus of 83 million in November. However
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Primary cash surplus down to 248 mln in Jan, including modest arrears repayment of 41 mln
EconomyMacroeconomy’ repayments of 41 million. The overall cash balance also recorded a surplus of 183 million but was down..., the Public Investment Budget (PIB) balance posted a sharp drop in its surplus to just 99 million from 429... primary balance mostly reflects shrinking revenues. As we have said in the past, the budget execution
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Budget primary surplus at 1 bln in Jan as tax revenues outperform
EconomyMacroeconomyexpenditure and Public Investment Budget (PIB) balance came in 58 and 41 million lower than target. Moreover, the state balance recorded a surplus of 839 million in January, 5.5 percent below last year... plummeted 80 percent to just 27 million. As a result, the PIB balance posted a surplus of 90 million
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Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
EconomyMacroeconomyrefunds) overperformance of 521 million. The monthly performance showed the primary balance remained... 1.02 billion in January. In addition, the state balance posted a surplus of 434 million..., 196 million below target. As a result, the PIB balance remained positive in the 2-month period
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyfor consumer prices in 2018. The IMF also forecasts the current account (C/A) balance to stay negative in 2017, with the deficit seen shrinking to 0.3 percent of GDP from 0.6 percent in 2016, while zero balance... is due on April 18. The Fund has already written about Greece that its “primary balance estimates
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IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
EconomyMacroeconomyfor the primary balance, IMF also upped its forecasts for the overall balance, which is now seen... percent (from -1.7 percent) in 2018. However, the Fund projects the overall balance to deteriorate
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomylower than the target. The monthly primary balance recorded a surplus of 656 million in April from... of previous months after a short-lived hike in March. The budget balance posted a deficit of 1.14.... As a result, the PIB balance reported a surplus of 207 million, down by more than 79 percent from last year’s
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammefront, the IMF estimates the overall fiscal balance to end in a deficit of -1.7 percent of GDP... in 2019. The primary balance is seen landing at 1.7 percent of GDP this year and 2.2 percent in 2018.... The cyclically adjusted primary balance is expected to be 3.4 percent of GDP this year and 3.1 percent in 2018
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