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PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4. The report highlights that 2017 budget is expected to have a short-term recessionary impact on the economy, since expenditure cuts
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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomyFollowing the tabling of the 2017 budget in Parliament on Monday, the Greek Fiscal Council... budget, EFKA and ETEAP (unified fund for supplementary pensions) revenues are seen rising by 1.5... on consumption is directly linked to the optimistic macro assumptions of the budget, the Fiscal Council notes
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Athens and lenders search for budget compromise by Thursday's EWG
EconomyProgrammebudget, although the form that their agreement will take is a matter of some dispute. Prime... between Athens and the lenders will have to be approved by the powerful budget committee in the Bundestag... reported that the European Commission has asked for the budget of the housing scheme announced by Tsipras
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Budget primary surplus at 5.76 bln in October as expenditure drops
EconomyMacroeconomyThe budget primary balance recorded a surplus of 5.76 billion euros in the first ten months of 2019...) budget execution bulletin showed on Monday. The primary surplus surpassed its target by 3.44..., the current monthly primary balance’s surplus edged down by 0.5 percent. The budget balance in the first ten
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Budget primary surplus at 595 mln in March
EconomyMacroeconomyThe budget primary balance recorded a surplus of 595 million euros in the first three months...) budget execution bulletin showed on Wednesday. The primary surplus was above its target by 169 million... month last year, the primary surplus stood at 621 million euros. The budget balance in the first three
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Budget primary surplus at 494 mln in Mar amid first signs of Covid-19 impact on revenues
EconomyMacroeconomyThe budget primary balance recorded a surplus of 494 million euros in the first three months of 2020, compared to a surplus of 1.44 billion in March 2019, the final Finance Ministry (MoF) budget execution bulletin showed on Monday. The budget execution data showed the first signs of the impact
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Budget primary shows deficit of 13.75 bln in November
EconomyMacroeconomyThe budget primary balance recorded a deficit of 13.75 billion euros in the first eleven months...) budget execution bulletin for November showed on Monday. The primary balance was above its target... in October. For the same month last year, the primary surplus came to 1.21 billion euros. The budget
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite... seen in the draft budget last month, and ahead of the recent forecast by the European Commission of 1... price index is seen at 5 pct, a significant revision from the 3 pct seen in the draft budget
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Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
EconomyMacroeconomyThe budget primary balance came to a surplus of 6.08 billion euros in October, compared to a deficit of 350 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday. In the ten months of the year, the budget
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Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
EconomyMacroeconomyThe budget primary balance in October was confirmed at a surplus of over 6 billion euros, compared... (MoF) budget execution data released on Monday. In the ten months of the year, the budget... investment budget, came to 40.84 billion euros. Net revenues came to 53.93 billion euros. The budget balance
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