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PM tries to rally party as draft budget lands, while Tsipras and Androulakis renew attacks
PoliticsGreek Politicsthe draft 2027 budget in Parliament, using the party’s 52nd anniversary celebration to try to project... rebranding. The mobilisation effort coincided with the tabling of the draft 2027 budget, which includes... strategy. The primary surplus is forecast at 3.6% this year and 3.3% next year. But the budget
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economyto the 2016 draft budget tabled on October 5, the Finance Ministry expects SSFs to record a cash primary... contributions, increased main pension expenditure by 167 million compared to last year’s budget... included in the 2016 budget relates to the implementation of the Council of State decision that ruled
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Addressing some misconceptions about Greek budget revenues and unpaid taxes
AgoraThe evolution of budget revenues and unpaid taxes are among the main topics of discussion in the context of Greece's fiscal consolidation but are also often open to misinterpretation. In 2015, a year... that budget revenues would miss their targets. Indeed, the latest budget execution bulletin showed
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Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues
EconomyMacroeconomyGreece’s budget primary surplus surged by more than 77 percent to 5.44 billion euros in the 9-month period of 2016 from 2.27 billion a year ago, according to the Finance Ministry (MoF) final budget...) and higher revenues (by 1.54 billion), while the Public Investment Budget (PIB) balance fell short
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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyGreece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget.... This is attributed to revenue outperformance (by 1.28 billion), a notably lower Public Investment Budget
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Budget execution starts 2017 with primary balance outperformance on target-beating revenues
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.02 billion euros in the first month of 2017, broadly similar to that posted a year ago, the Finance Ministry (MoF) preliminary budget execution... Investment Budget (PIB) balance came in 58 and 41 million lower than target. In addition, the state
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Budget primary surplus at 1 bln in Jan as tax revenues outperform
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.02 billion euros in the first month of 2017, broadly stable from last year, according to the Finance Ministry (MoF) final budget execution bulletin... expenditure and Public Investment Budget (PIB) balance came in 58 and 41 million lower than target
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Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
EconomyMacroeconomyThe budget primary surplus was confirmed at 2.14 billion euros in the 2-month period of 2017, down by 25.2 percent from last year’s figure of 2.85 billion, the Finance Ministry (MoF) final budget... Budget (PIB) PIB revenues and expenditure remained at low levels in both months, well below last year’s
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Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln
EconomyProgrammepension reform climbs to 6.58 billion until 2021. Social budget According to the social budget included... of the social budget would have reached only 462 million in 2021.
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Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 1.94 billion euros across the full 12..., the Finance Ministry (MoF) final budget execution bulletin showed on Wednesday. The primary surplus beat its... November’s negative balance of 684 million. The full year budget balance for 2017 recorded a deficit
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