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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomythat the preliminary budget execution bulletin with the official revenue and expenditure figures is due... stood at 466.83 million. This brings the total ENFIA due at 3.18 billion for this year, 2.2 percent... will be available upon the release of the final budget execution bulletin due after October 20
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Coalition banks on surplus transfers, waits for Hellenikon verdict
PoliticsGreek Politicsfiscal overperformance will help it win the public relations battle over the draft 2018 budget... reaching 2.2 percent of GDP, against a target of 1.75 percent. This would allow the government... of next year. The draft budget also foresees 2.4 percent growth next year, driven to a large extent
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Review gathers pace as mission chiefs prepare for Athens return
EconomyProgrammewith a high degree of anxiety for the lenders to give their views on the 2018 budget. The International... expecting Greece to produce a primary surplus of 2.2 percent of GDP, compared to the 3.5 percent..., which is the latest that the government can submit the final budget for 2018 to Parliament
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Greek health care spending in the spotlight
EconomyFeaturesgovernments increased subsidies for the system and pushed the country’s health care budget deficit to 50... 2.6 to 2.2 percent of GDP over the same period, from the highest to the second highest in the EU... as a result. That said, Greece continues to spend a high proportion of its total health care budget
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IMF raises forecast for primary surplus but differences with European lenders remain
EconomyMacroeconomyat 2.9 percent of GDP, up from 2.2 percent previously, a number closer to the fiscal estimates... fiscal balance, the IMF sees an almost balanced budget in 2018, with a marginal deficit of -0.1... in 2020 and 2021. The budget is seen in complete balance next year. In 2023, the overall balance turns
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Newsletter 170 -13/07/2018
on the five islands. The savings are set to come from reductions to the defence budget. Tsakalotos also had... increased by 0.9 percent. The Finance Ministry’s projection in the budget sees the HICP rising... in the electricity production index, 2.2 percent in the water supply production index and 1.2 percent in the mining
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July primary cash surplus at 6.75 bln as revenue rise outstrips expenditure
EconomyMacroeconomyto the same month last year, and came to 4.71 billion, representing a rise of 2.2 percent. Monthly... the arrears payments made in July, expenditure fell by 688 million euros. The Public Investment Budget... on a deficit of 47 million euros. The preliminary budget execution figures released by the Finance Ministry
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IMF outlines areas in which Greece needs further reforms, where it should apply caution
EconomyProgrammein 2019, up from 2.1 percent last year. Growth is seen slowing down to 2.2 percent next year and 1.6... that the minimum wage rise could have a negative effect on the budget as spending will increase because 24... euros in retroactive payment and an ongoing impact on the budget in the region of 0.2 percent
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturestax first introduced as an exceptional measure in 2011, currently ranging between 2.2 percent and 10... to rely on funding from elsewhere in the budget rather than redistributing the tax burden. SYRIZA.... With questions already being asked about the capacity of the budget to fund the 3 billion euros’ worth
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Newsletter 214 -12/07/2019
the 2020 budget, starting in September. With so much in his inbox — including the perennial problem... to reduce the primary surplus for 2021 and 2022 as the 2020 budget will have to be drafted... of their remarkable recent gains with the yield on benchmark 10-year bonds has settled around the 2.2 percent level
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