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  1. VAT and underspend drive budget outperformance in first six months

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 4.49 billion euros for June, compared to a surplus of 4.52 billion euros a year earlier, according to the final Finance Ministry (MoF) budget... the target. Expenditure, excluding interest payments and the public investment budget, came to 28.22

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  2. On Portugal, PSI and a national salvation pact

    Agora

    budget balance by €10 billion. Any attempt by the Portuguese government to extract an additional €10... interest expense (called a primary budget surplus) of €7.2 billion a year or whatever amount... a primary budget surplus of 4.3% of GDP. Portugal has had a negative primary budget balance for over

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  3. Newsletter 183 -16/11/2018

    Newsletters

    to be scrapped. This will allow the Greek government to submit the final version of the 2019 budget to Parliament on Wednesday, as scheduled. The budget is due to be tabled on the same day.... The fiscal impact of the entire package is estimated at 766 million euros in the draft budget. Going

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  4. Newsletter 184 -23/11/2018

    Newsletters

    Budget aims for relief and growth Pension cuts out, Thessaloniki measures in as Brussels urges faster reforms The government submitted Greece’s first expansionary budget for many years this week... of the reforms it pledged. The budget, tabled in Parliament by Alternate Finance Minister Giorgos Houliarakis

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  5. Challenges mount for Tsipras as pension reform leads into make or break period
    Photo by MacroPolis

    PoliticsGreek Politics

    as insufficient, saying that the lenders had expected “a cow but got a cat.” Given that European officials

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  6. Newsletter 364 - 23/12/2022

    Newsletters

    scandal. Mitsotakis announced on the final day of the budget debate, on Saturday, that his..., for which 650 million euros, has been budgeted will see up to 10 pct of each eligible family’s monthly..., with an inflation-linked adjustment of 10 percent bringing it to 880 euros. The inflation adjustment

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  7. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    draft budget is due to be submitted to Parliament. The focus is on what fiscal targets... was estimated at 2.02 billion (1.1 percent of GDP) by the IMF in its fifth review report on June 10... (ENFIA) revenues, these developments mainly involve the impact from: a) Retrospective reversing of the 10

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  8. Newsletter 220 -20/09/2019

    Newsletters

    much of their focus on next year’s budget, particularly in terms of how the relief measures... space will be sought by cutting the budget for the Public Investment Programme, a cross-government... the budget approximately 70 million on the interest bill. The Greek government appears to have submitted

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  9. Newsletter 268 -09/10/2020

    Newsletters

    be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended... the party entered the European Parliament with close to 10 percent of the popular vote, and in 2015... of state funding. Draft budget sees recovery of 7.5 pct in 2021 General govt primary cash deficit

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  10. Greek budget outperformed targets by 3.9bn euros to August, preliminary figures show

    Economy

    Budget execution to August showed revenues outperforming monthly targets by 490 million euros... significantly boosted by cumulative Public Investment Budget (PIB) revenues of 2.2 billion. Moreover, a Jan-Aug primary surplus of 1.42 billion and a budget deficit of 3.94 billion continued to outperform

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