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Newsletter 138
surplus would exceed even the 2.2 percent of GDP recorded in the draft 2018 budget and would allow..., improving from the previous month’s figure of 46 million euros. The primary surplus of the state budget... and introduced by the start of 2018 will give banks the power to warranty 100 percent of their demands against
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General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
EconomyMacroeconomy, the state budget primary surplus rose by 963 million to 1.55 billion compared to 588 million a year ago... 100 million a year ago. Tax revenue also rose by 366 million to 4.14 billion from 3.78 billion... million) and state budget arrears (-46 million). Arrears to extrabudgetary funds fell by 12 million
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeversion of the budget to Parliament at the end of the month. Finance Minister Euclid Tsakalotos... Income. An additional 50 million has been earmarked for winter heating payments to take the total budget for this subsidy to more than 100 million euros. Once the 2019 excess surplus has been agreed
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Parties vie for voters' attention as New Democracy prepares for congress
PoliticsGreek Politicsto a vote in Parliament’s full assembly on Tuesday, a day before MPs begin to debate the 2019 budget... and 100 euros. The government has also broadened the number of civil servants that will receive... to the period from January 1, 2015 to December 31, 2016 and will cost the state budget 8.8 million euros
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Newsletter 205 -10/05/2019
of a bonus. Those earning pensions of up to 500 euros would receive an amount equal to 100 percent... investment budget. Overall, gross fixed capital formation declined by 12.2 percent last year and is seen.... The main downside risk is seen as coming from repeated under spending of the public investment budget
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgramme, Greece is due to send its draft 2020 budget to the European Commission by September 15. Earlier... of a consistent under-execution of the budget. Both of these issues will have to be addressed promptly..., saving Greece more than 100 million euros in interest payments. However, official requests need
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Newsletter 211 -21/06/2019
of Finance reported this week that the preliminary budget primary balance recorded a surplus of 918... “Compensation of Employees”. On an annual basis, state budget expenditure was higher in the 2019... during the month The composition of Eurosystem funding for May revealed that ECB funding made up 100
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Newsletter 212 -28/06/2019
The budget primary balance recorded a surplus of 916 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry’s (MoF) final budget.... As of June’s reading, the index has remained above 100 points for five consecutive months. Compared
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The main economic challenges that will define the Mitsotakis reign
Agora-election pledges. Mitsotakis is banking on higher growth to boost budget revenues and hopes that through..., it will take time for this to be reflected in the budget and it is highly unlikely that any eurozone... from over 100 billion at their peak and there is now a full framework in place to manage distressed
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Newsletter 219 -13/09/2019
in the 2020 budget being drafted by the Finance Ministry. One of the most significant interventions... onwards to adopt these measures. The Finance Ministry is due to submit the draft 2020 budget... will have a fiscal impact of 100 million euros. Reducing the introductory income tax rate from 22
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