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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammein 2018. As early as October, the Finance Ministry (MoF) has to adopt a supplementary 2015 budget, the draft 2016 budget and a 2016–19 medium-term fiscal strategy that will include a series of parametric measures and structural fiscal reforms. The draft budget is historically tabled on the first
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Primary surplus beat target in 2015 on higher revenues and restrained spending
EconomyGreece’s budget primary balance was confirmed at 2.27 billion euros in 2015 from 1.87 billion in 2014, the Finance Ministry (MoF) final budget bulletin showed on Friday. The reported fiscal outcome... SMP and ANFA income. On top of revenue outperformance, the budget performance in 2015 was also
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgramme. This means that the fall in revenues will burden the 2020 budget. It is estimated that the cut... of around 100 million euros, but was not mentioned by Mitsotakis in his speech on Saturday. The previous... budget will have to be submitted to the institutions in September, by which time
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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomyagainst 1.24 billion euros last year. Overall, the state budget primary balance showed a fall of 9.33 billion euros, landing at a deficit of 7.46 billion euros. The budget primary balance for the same time... a decline of 27 million euros, while a rise of 100 million was seen in transfers. Expenditure rose by 2.66
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Newsletter 274 -20/11/2020
to contain and turn back protestors, detaining more than 100 in the process, was used as proof... as 2024. 2 Budget primary shows deficit at 9.06 bln October figure misses target by 12.32 billion euros The budget primary balance recorded a deficit of 9.06 billion euros in the first ten months of 2020
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Newsletter 282 -29/01/2021
basis points to 100 basis points. At the close, offers exceeded 29 billion euros, excluding the offers... this year at regular intervals. 2 Budget primary at deficit of 18.20 bln in 2020 Primary balance lands above target by 1.43 billion for the year The budget primary balance recorded a deficit of 18.20
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ND denies plans to bring in more MPs as Mitsotakis waits to see impact of new measures
PoliticsGreek PoliticsIn the wake of Sunday’s budget vote in Parliament, New Democracy has ruled out the possibility... to its parliamentary group. The aftermath of the budget vote saw the media focus on the set of voter... lawmaker who backed the budget, Lefteris Avgenakis. The Cretan politician was expelled from ND’s
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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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