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Newsletter 16 - 20/02/2015
euros at the end of January. In particular, 46.6 billion – or more than 60 percent of tax arrears... owe less than 5,000 euros, stand at just 3 percent (2.3 billion) of the outstanding amount of 76... debt related to 326,000 individuals and 75,000 corporates owing more than 5,000 each makes up 97
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Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
EconomyMacroeconomyexpenditure coming in 866 million lower than target coupled with gross revenue (revenues before tax... profits, which was 334 million higher than target. The more detailed revenue figures showed direct... million better than target. The latter mostly reflects higher than expected revenues from direct tax
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Budget primary surplus falls to 1.1 bln in Q1, slightly above target
EconomyMacroeconomy), which was 42.7 percent lower than the figure of 1.86 billion a year ago, the Finance Ministry (MoF... lower than the target and the Public Investment Budget (PIB) surplus was 149 million better than... of 1.12 billion in February as gross revenues slowed down by more than 1.1 billion month on month (MoM
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Newsletter 60 - 29/01/2016
compared to the fiscal target for a deficit of 0.25 percent. Although this is more of a preliminary than... to more than 1.1 billion euros in absolute terms, could provide a cushion in the upcoming... than the institutions had forecasted a few months ago. A similar estimate for overall stable GDP
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgramme. Specifically, tax debt represents more than 80 percent of total liabilities to the state. The stock reached... tax debtors owe less than 3,000 euros each, while their tax debt makes up just 2 percent of the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesof public protests against austerity. Often the public rhetoric obscures rather than conveys...’ pensions directly out of the budget rather than through a pension fund. State pensions amounted... more than twice the size of the entire public procurement bill. However successive governments have
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Severe underspend covers lower revenues for end-May primary surplus
EconomyGreece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion... higher than expected Public Investment Budget (PIB) balance (by 1.11 billion) more than offsetting..., the underlying revenue performance in May shows a revenue shortfall of more than 300 million euros. Τax
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Newsletter 47 - 16/10/2015
Panos Kammenos failing to include him in the cabinet rather than any particular ideological or political..., distancing themselves from any measures other than structural reforms, such as steps aimed at tackling tax... contraction than lenders The Greek government as well as local banks and economic think-tanks
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Newsletter 59 - 22/01/2016
their total tax and SSC burden to more than 80 percent of their net income. A joint committee... ceiling than the one contained in the government’s initial proposal. At the same time, farmers... deal than the one they have proposed. days. Following a teleconference with the institutions
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Special ELSTAT report reveals dramatic changes in labour market since 1980s
EconomyMacroeconomy. During the current crisis, the jobless rate more than tripled. It peaked at 27.5 percent in 2013 but has decreased by more than 2.5 percentage points (pp) since then, falling to 24.9 percent in 2015... (less than 5 months) exceeded the long-term figure. Long-term to total unemployment started rising
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