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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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Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short
EconomyMacroeconomyThe budget primary balance came to a surplus of 4.81 billion euros in the first nine months of 2018, according to the preliminary budget execution bulletin for September published by the Finance... seen in August. The balance for the same month last year came to 998 million euros. The budget balance
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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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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomyThe budget primary balance came to a surplus of 3.16 billion euros in 2018, according to the preliminary budget execution bulletin for December published by the Finance Ministry (MoF) on Monday... been originally scheduled. The budget balance in 2018 fell into negative territory and landed
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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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Budget primary surplus reaches 1.78 bln in July, almost double target
EconomyMacroeconomyThe budget primary surplus reached 1.78 billion euros in the first seven months of 2019, compared to a surplus of 926 million in the same period last year, preliminary budget execution data from... by 2.15 billion euros. The overall budget balance up to July recorded a deficit of 1.85 billion euros
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ND sees budget as evidence of pledges being kept, SYRIZA highlights flaws
PoliticsGreek PoliticsHaving submitted to Parliament on Monday the draft 2020 budget, including the tax cuts pledged... domestic political issues. New Democracy presented the draft budget as further evidence that the government... month. They were squeezed into the budget after the Finance Ministry suggested that equivalent fiscal
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Despite ongoing budget talks, ND eyes more relief measures in coming months
PoliticsGreek PoliticsEven though negotiations between Athens and the institutions regarding next year’s budget...’s budget as New Democracy decided to focus on lowering income and corporate taxes. In a speech... the draft budget is submitted to the European Commission on October 15. The issue is expected
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