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Public sector staff trends survive MoU exit, change of government
Society(an increase of over 100% over the previous low), only to reach a new high of 3,024 under ND in December 2020... is already having to revise spending and budget expectations in the short term, and is staking a lot... in early summer. In June 2019 the number of public sector contractors was 103,213 and in June 2020 it had
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Greek primary surplus at 400 mln to Oct but arrears keep piling up
EconomyMacroeconomyEAP terms and comparable to the government’s estimate of 812 million for the whole year 2013... by the troika. The state budget is the key element in the reported gg balance evolution. There is an important difference compared to the budget execution released for the same period, which relates to a cash
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
EconomyGreece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month... to higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros... primary and budget balances continue to outperform targets in the 9-month period by 979 million
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammebanks to the Hellenic Financial Stability Facility (HFSF) in 2012 and 310 million from its cash reserves. The first amount will be recorded in April’s state budget execution revenues. We understand... be reported in March’s budget execution revenues. The newspaper also noted that March revenues were
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Cost of living remains public's top worry, as government slashes green transition budget
PoliticsGreek Politicsthe opposition. The government, meanwhile, has signalled plans to halve the budget for its green transition... transition up to 2030 halved from 200 bln euros in the last version to 100 bln euros. According..., noting that it views some green technologies as too expensive for the budget to sustain. The new draft
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Government tables 2025 budget, seeing stable growth, solid public finances and lower debt
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Wednesday the final budget for 2025, which sees stable... budget affirms the solid tax performance this year, exceeding the initial target by nearly 4 billion... euros from rises in pensions. The public debt composition sees bonds exceeding 100 billion euros
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Central gov't cash surplus rises by 53.8 pct to 603 mln in January
EconomyMacroeconomy). At the same time, the primary cash surplus rose to 812 million, up by 27.7 percent compared to last year’s figure of 636 million. Both figures are in line with the preliminary January budget execution... from a) The inclusion of 2.03 billion euros of SMP income in the budget execution, which was excluded
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomydriven by the high surpluses posted in the state budget (1.75 billion) and social security funds - SSFs... showed mixed trends. In particular, the primary cash surplus of the state budget continued... deterioration posting a deficit of 395 million in the 7-month period compared to a surplus of 812 million
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Newsletter 104 - 27/01/2017
Greek debt. Short-term debt relief measures approved Finance ministry confirms primary budget...) to 615 million euros in the fourth quarter (Q4) of 2016, from 310 million in the previous quarter.... The budget primary surplus was 4.44 billion in 2016, almost double the previous year’s figure, while
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General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln
EconomyMacroeconomyin state budget arrears by 242 million. At the end of September, SSF arrears stood at 2.95 billion... million. In contrast, the state budget posted a surplus of 1.82 billion, 364 million less than last year... arrears displayed state budget arrears fell by 255 million from the previous month, while smaller
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