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Newsletter 107 - 17/02/2017
review The budget primary balance recorded a surplus of 1.02 billion euros in January, according to the Finance Ministry (MoF) preliminary budget execution bulletin. The primary surplus outperformed... million), while primary expenditure and the public investment budget (PIB) balance came in 58 and 41
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Moody's explains cautious approach to Greek credit rating upgrade
Economythis month, with the focus on the 2019 budget and the continuing implementation of the banking sector's strategy for resolving its non-performing exposures. Budget execution Moody’s believes that the budget execution remains solid and given continued overperformance next year, the Greek authorities
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Newsletter 178 -12/10/2018
in the last quarter of this year, expecting the Greek economy to grow by 2.2 percent, from 2.7 percent... updated fiscal projections for Greece. For this year, the Fund sees the overall budget balance... procedure since the programme completion last August. For 2019, the Fund sees the budget in complete
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Fourth review talks conclude with fiscal differences remaining
EconomyProgrammeas the fourth post-programme moves on to the next stage. This involves a draft budget for next year..., the inclusion of the SMP and ANFA profits into the budget seems to be set aside at the moment... conservative view, in line with the European Commission’s current estimate of 2.2 percent growth
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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomyaround 20 percent of the total. In the final budget for 2020 submitted to Parliament, the Ministry.... The 2020 budget anticipates gross fixed capital formation rising by 8.8 percent this year and by 13.4... receipts rose by 14 percent to 16.09 billion euros. According to the latest budget, exports of goods
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Newsletter 350 - 09/09/2022
of the measures. The government is still aiming to trim the primary budget deficit to 2 pct of GDP... could cost the budget more than 10 billion euros, when Greece has already allocated the largest... in the submission of the draft budget in approximately four weeks. Greece is hoping that in the meantime, and until
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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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Budget execution starts 2017 with primary balance outperformance on target-beating revenues
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.02 billion euros in the first month of 2017, broadly similar to that posted a year ago, the Finance Ministry (MoF) preliminary budget execution... Investment Budget (PIB) balance came in 58 and 41 million lower than target. In addition, the state
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