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Primary surplus narrows to 2.4 bln in October as revenues miss target
EconomyGreece’s budget execution showed the primary surplus narrowing to 2.41 billion euros.... The 10-month budget deficit reached 2.7 billion euros (from 2.29 billion in the 9-month period), which... shortfall as well as lower Public Investment Budget (PIB) balance (by 708 million). The comparison
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Strong primary surplus of over 8 bln at close of 2025 as spending is contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.09 billion euros for 2025, compared to a surplus of 8.7 billion euros a year earlier, according to the final Finance Ministry (MoF) budget... budget, came to 59.17 billion euros. Net revenues were 77.07 billion euros. The total budget
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Newsletter 85 - 05/08/2016
In a non-paper issued on Wednesday, the Finance Ministry clarified that budget revenues had beaten... cushion in the first half of the year. Although not officially announced yet, budget revenues most... into account the budget execution, we conclude that for every 3.37 billion of collected monthly
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Newsletter 184 -23/11/2018
Budget aims for relief and growth Pension cuts out, Thessaloniki measures in as Brussels urges faster reforms The government submitted Greece’s first expansionary budget for many years this week... of the reforms it pledged. The budget, tabled in Parliament by Alternate Finance Minister Giorgos Houliarakis
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Newsletter 275 -27/11/2020
amongst member states. 2 Oct budget primary at deficit of 9.07 bln Revised budget for 2021 reflected... health system. Revised 2021 budget sees bigger contraction Covid-19 leaves Greece facing 200 pct debt... 2021 budget, which was substantially revised from the draft document submitted at the start of October
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Newsletter 134
Revenues and debt rule draft budget Government faces uphill task of meeting fiscal targets as tax... Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions. The draft budget estimates that GDP will grow by 1.8 percent in 2017, slightly improved from
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Greece tops EU tables for lawyers but also pending administrative court cases
Society6.4 cases per 100 inhabitants in 2012, compared to 21 in the EU – it was at the upper end... litigious cases jump rapidly in 2012 and 2013, to 5.8 and 6.2 first instant cases per 100 inhabitants..., with 7.8 cases per 100 inhabitants, in 2012. Portugal and SI, both on 15, and Croatia, on 9.6, were
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Growing hopes that Greek recession will be milder than expected
Economypercent in 2016. The Finance Ministry adopted these estimates in the 2016 draft budget tabled on October... of imports compared to exports. Although the macro assumptions of the draft budget are in line... this year, which is much softer than its previous forecast for a recession of 2 percent for 2015. Note
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammein 100 installments and subsidies to the Hellenic Sugar Industry (EBZ). MoF sources also indicated... imposed in 2012 were unconstitutional. 2) Changes in early retirement with the retirement ages to 62... in Piraeus (OLP) and Thessaloniki (OLTH) Port Authorities and 100 percent in Trainose (operation
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Newsletter 50 - 06/11/2015
. However, as a two-thirds majority has been achieved, Piraeus has the right to convert the 100 million... then need 2 and 2.7 billion, respectively, of official support. Overall, banks would seek to raise... summit of July 12. It is noteworthy that NBG’s capital plan also includes the sale of 100 percent
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