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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 635 million euros in the first six months of 2018, the Finance Ministry (MoF) final budget execution bulletin for June showed on Tuesday. Last... for the previous month. The balance for June 2017 landed on a surplus of 96 million. The budget balance
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeon the outskirts of Athens is also having an impact on the preparations for next year’s budget... in Athens in September to begin talks regarding next year’s budget. The draft version has.... The coalition will have to submit the final version of the 2019 budget to Greek Parliament in early
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Budget primary surplus at 3.14 bln in August as revenues grow and spending falls
EconomyMacroeconomyThe budget primary balance came to a surplus of 3.14 billion euros in the first eight months of 2018, according to the preliminary budget execution bulletin for August published by the Finance.... The budget balance in the first eight months of 2018 recorded a deficit of 1.24 billion euros, marking
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Budget surplus confirmed at 3.16 billion in August
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.16 billion euros in the first eight months of 2018, according to the final budget execution bulletin for August published by the Finance... million euros. The budget balance in the first eight months of 2018 recorded a deficit of 1.22 billion
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammein which they are not implemented, in the 2019 draft budget due to be submitted to Parliament... budget and that some of the fiscal counter-measures agreed with the institutions would also..., government spokesman Dimitris Tzanakopoulos suggested that the draft budget might contain two alternative
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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomythe draft budget for 2019, which contains its fiscal estimates as well as the underlying macro assumptions. This is the first budget since the end of 2009 that is being submitted outside a programme... year. The budget was submitted late in the day, possibly because it coincided with the Eurogroup
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IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
EconomyProgrammelenders to come to an arrangement over the 2019 budget. The Fund has gradually taken a backseat role in the negotiations over the budget and it is believed that when Finance Minister Euclid... year’s budget, even though the organisation would like to see the pension cuts, as well
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
EconomyMacroeconomyinvestment. The EC and the Greek authorities are in talks at the moment to finalise the budget for 2019... the pension cuts gone ahead. It is expected that next year’s policy mix and budget... budget surplus of 0.6 percent of GDP for the duration of the 2018 – 2020 period. The combination
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Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
EconomyMacroeconomyThe budget primary balance came to a surplus of 6.46 billion euros in the first 10 months of 2018, according to the preliminary budget execution bulletin for October published by the Finance Ministry... in the previous month. The balance a year ago was notably lower at 788 million euros. The budget balance
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeof GDP. When factoring in two large payments that were not included in the 2018 budget, the refund... performance is the result of a significant budget under-execution. In a special box, it outlines the areas... interests for it to continue. Given that the budget under-execution is not included in the European
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