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Newsletter 208 -31/05/2019
, Parliament’s Budget Office (PBO) does not share the concerns of the country’s lenders about... of a 13th pension had a budget cost of 830 million euros net of taxes and social insurance contributions... that the measures will throw this year’s budget off track. These concerns are likely to be highlighted
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Newsletter 297 - 21/05/2021
on the plans that were included in this year’s final budget back in November, Greece is due... to the increase in the economically inactive population. Budget primary shows deficit of 6.21 bln in April Net... target by 963 million euros. The budget primary balance recorded a deficit of 6.21 billion euros
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Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT
EconomyMacroeconomyThe budget primary balance up to October landed at a deficit of 7.2 billion euros, compared... (MoF) budget execution data released on Monday. The primary balance was broadly in line... interest payments and the public investment budget, came to 43.89 billion euros. Net revenues came
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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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