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  1. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    Greece’s 2013 budget execution showed a primary surplus of 603 million euros from a deficit of 3.46 billion the previous year, according to the final data released by the Ministry of Finance (MoF... of previous years’ arrears on the expenditure line. According to MoF methodology, the payment of past years

    3%

  2. Despite payment of some arrears, total reached 4.6 bln at end of 2013

    EconomyMacroeconomy

    is on a cash basis, incorporating settlement of previous years’ state arrears and refunds of 6.16... that the payment of previous years’ arrears amounted to 5.97 billion in 2013, we conclude that new

    3%

  3. Central gov't cash surplus rises by 53.8 pct to 603 mln in January

    EconomyMacroeconomy

    from the BoG calculation b) The repayment of previous years’ arrears amounting to 6.14 billion, which... to previous years’ fiscal performance.

    3%

  4. Central government primary cash surplus at 1.7 bln to February
    Photo by MacroPolis

    EconomyMacroeconomy

    ) The repayment of previous years’ arrears amounting to 6.14 billion, which was reported in BoG cash expenditure, but excluded from MoF budget figure since it referred to previous years’ fiscal

    3%

  5. General gov't cash surplus widened to 2 bln in January

    EconomyMacroeconomy

    contributor. Unlike last year, this year’s gg balance does not include any settlement of previous years... billion in 2013 mainly reflecting payments of previous year’s arrears of 6 billion. Our understanding

    3%

  6. Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
    Photo by MacroPolis

    EconomyBanking

    . More importantly, the price for private investors can be lower than that of previous HFSF participation... have full voting rights only on strategic issues. The draft bill also supplements the previous bank

    3%

  7. IMF recognises Greek 2013 surplus, sees less burdensome financing needs
    Photo by MacroPolis

    Economy

    balance of 1.5 percent of GDP, which is marginally above its previous forecast of 1.4 percent... previous forecasts now settling at 15.8 percent of GDP in 2014 (from 25.1 percent) and at 10.2 percent

    3%

  8. Central gov't cash deficit down to 1.14 bln in March

    EconomyMacroeconomy

    numbers. b) The repayment of previous years’ arrears amounting to 6.14 billion, which was reported in BoG cash expenditure, but not included in budget figure as it referred to previous years’ fiscal

    3%

  9. OECD sees Greek recession continuing in 2014, slower recovery to follow
    Photo by MacroPolis

    EconomyMacroeconomy

    percent in 2015. The updated forecasts are marginally better compared to the previous estimates... previous estimates, the OECD did not publish its fiscal balance projections under the Economic

    3%

  10. State budget primary surplus widens to 2.28 bln at end of July after rise in revenues

    EconomyMacroeconomy

    . In addition, July revenues are by far the highest monthly figure in 2014, well above the previous high... performance in the previous month, the Public Investment Budget (PIB), showed a deficit of 287

    3%