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  1. General government bottom line continues to improve with moderate decrease in arrears

    EconomyMacroeconomy

    of Finance (MoF). The released data incorporates SMP income of 1.5 billion recorded in the July budget... at the end of August. The state budget is the key element in the reported gg evolution. There is an important difference compared to the released budget execution for the same period, which relates

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  2. Newsletter 85 - 05/08/2016

    Newsletters

    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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  3. Newsletter 119 - 19/05/2017

    Newsletters

    to the fiscal forecasts and interventions for the coming years, the MTFS also updated the state budget estimates for 2017. The budget primary surplus (on a modified cash basis) for 2017 was upwardly revised by 544 million to 4.34 billion, from the figure of 3.79 billion included in the 2017 budget

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  4. Newsletter 179 -19/10/2018

    Newsletters

    submits draft budget Greece’s Statistical Authority (ELSTAT) issued its second estimate of the national... expenditure of households based on the Households Budget Survey (HBS), general government data... percent and the drop in 2016 at 1.2 percent. The government also submitted its 2019 budget

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  5. Newsletter 184 -23/11/2018

    Newsletters

    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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  6. Newsletter 275 -27/11/2020

    Newsletters

    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... budget, mostly driven by a sharp drop in private consumption by 7.6 pct, investments by 14.3 pct

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  7. RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln

    EconomyMacroeconomy

    The budget primary balance recorded a deficit of 6.39 billion euros in the first eight months... Ministry (MoF) budget execution data showed on Thursday. The primary balance was above the target set... payments and the public investment budget came to 35.19 billion euros. Net revenues came to 34.68

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  8. Are hirings in the public sector out of control?
    Photo by MacroPolis

    EconomyFeatures

    permanent public sector staff and 15,000 contractors, at a cost of 600 million euros. These accusations... contractors. Their numbers have swelled from 3,413 in 2012 to 15,601 at the end of 2017. By far the largest

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  9. Newsletter 16 - 20/02/2015

    Newsletters

    framework to allow those owing more than 15,000 to pay the debt in 100 instalments (as opposed.... The new framework allows for a 100 percent reduction in penalties if the whole tax principle is paid in one instalment, which is gradually reduced to a 30 percent cut for 90–100 instalments. In addition

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  10. The key points from Greece's proposal to lenders

    EconomyProgramme

    percent) for income between 50 and 100,000 euros, to 6 percent (from 2.8 percent) for income between 100... at 1.06 billion in 2015 5) Tax on television advertisements with estimated revenues at 100 million...-DESFA (188 million), real estate monetisation (100 million) and Astir Vouliagmenis (95 million

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