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Newsletter 333 - 01/04/2022
revealed that a supplementary budget will be tabled in Parliament shortly, allowing the authorities...-income households. Up to now, the budget has not been affected by the electricity bill subsidy... by emissions auctions. The recently announced package requires an ordinary budget contribution of 620
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros... Ministry (MoF) budget execution data released on Wednesday. In the nine months of the year, the budget... budget, came to 36.3 billion euros. Net revenues came to 48.3 billion euros. The budget balance up
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On Portugal, PSI and a national salvation pact
Agorainterest expense (called a primary budget surplus) of €7.2 billion a year or whatever amount... a primary budget surplus of 4.3% of GDP. Portugal has had a negative primary budget balance for over 15 consecutive years. The highest primary budget surplus ever realized over the past 36 years
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Central gov't cash deficit shrinks to 1.27 bln in April
EconomyMacroeconomythe respective MoF numbers for the budget execution are disclosed on a modified cash basis. Cash revenues... percent drop. The respective 4-month budget item stood at 13.84 billion, corresponding to a deviation... at a much slower pace by 3.2 percent to 16.13 billion. The respective 4-month budget figure stood
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BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
EconomyMacroeconomybasis, while the Ministry of Finance (MoF) respective items included in the budget execution bulletin.... The respective 5-month budget figure stood at 17.31 billion euros, corresponding to a deviation of 486 million... smoother drop by 7.3 percent to 19.58 billion. The respective 5-month budget item stood at 19.81
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Central gov't primary cash surplus reaches 1.37 billion in first half of year
EconomyMacroeconomy(MoF) budget execution bulletin are reported on a modified cash basis. Cash revenues in the first half... revenue growth of 16 percent in June. The 6-month budget figure stood at 20.65 billion euros... a single-digit drop of 6.5 percent to 23.44 billion. The respective 5-month budget figure stood
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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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Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
EconomyGreece’s budget execution displayed the primary surplus significantly narrowing by 1.64 billion..., according to the Finance Ministry (MoF) preliminary budget bulletin published today. More importantly... Investment Budget (PIB) expenditure (+1.6 billion MoM). For the full year, the actual figures showed
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Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues
EconomyGreece’s budget execution showed the year to date primary surplus stood at 1.24 billion euros... million from 1.37 billion in January, according to the Finance Ministry (MoF) preliminary budget... to lower primary expenditure by 538 million euros a a higher Public Investment Budget balance
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Central gov't cash surplus reaches 1.19 bln in Q1, up 54.3 pct YoY
EconomyMacroeconomythe respective items included in the budget execution bulletin published by Ministry of Finance... the figures not directly comparable The MoF budget primary surplus of 1.74 billion in Q1 is higher by 483... budget revenues (by 525 million) and change in state accounts with the BoG (204 million
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