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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomyto September. Meanwhile, tax refunds were 31 million lower than the September target, but the 9-month... at 34.83 billion, 1.06 billion better than target. As we have previously noted, September was one... of the corporate income tax. We understand that higher than targeted revenues in September could
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Newsletter 100 - 16/12/2016
the completion of the review seem more complicated than ever. The first shock to the system this week... on hold the implementation of In July the number of tax debtors increased by more than 125,000 from... of the current administration being able to pass more than 4 billion euros of new measures right now
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking’ (performing or past due less than 90 days) NPEs widened to 27.6 percent of total NPEs in the first half from 26.2 percent in December, while performing exposures past due less than 90 days fell to 12.2... past due more than 90 days as well as denounced loans accounted for 28.3 and 44.2 percent of NPEs
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyreflects strong underspend, with primary expenditure coming in 1.19 billion lower than target... by 152 million. In addition, the Public Investment Budget (PIB) surplus was 97 million lower than... period, which was 16.4 percent higher than last year, but outperformed the target by 909 million
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingat the end of 2016 from 348.77 a year ago. The decline largely reflects a drop by more than 26 billion.... The qualitative characteristics revealed that the ‘unlikely to pay’ (performing or past due less than 90 days... performing exposures past due less than 90 days slowed to 10 percent of performing exposures
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyto a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled with higher than targeted Public Investment Budget (PIB) balance and slightly higher net revenues... attributed to a better than expected performance of direct taxes. In the 6-month period, gross revenues
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammea much-higher-than-targeted primary surplus.” In the documentation accompanying the Precautionary Stand... for more than 10 consecutive years. When the primary surplus threshold is increased to 3.5 percent..., only one country in the sample has managed to meet and maintain for longer than a decade. The IMF
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Report highlights latest living conditions and demographics in Greece
Societylonger than their male counterparts, they enjoyed fewer healthy years. Of the 21.6 years additional life expectancy, just 6.8 years of these are calculated as being healthy years, 2.8 years less than... since 2007 than those for men. Marriages According to the report, civil marriages overtook religious
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Greek household expenditure falls by another 2.5 pct in 2016
Societywith one person aged 65 and over, expenditure was 54.5 percent lower than the average monthly... per month than the average for the country, while for households with three children or more up to 16... areas spent on average 22.5 percent less than those in urban areas. Inequality The survey showed
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Labour market reforms did exactly what they were supposed to
Agoralabour costs since euro adoption had increased by 35 percent, compared to less than 20 percent in the euro area. Greece’s minimum wage was higher than countries that would be considered peers, 50 percent above Portugal’s and 17 percent higher than the minimum wage in Spain. By 2009, total exports were
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