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  1. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    The budget execution to October showed revenues beating monthly targets by 761 million euros... Budget (PIB) expenses. As a result, a Jan-Oct primary surplus of 1.10 billion and a budget deficit... to provide a fiscal buffer for Greece meeting - if not exceeding - budget targets for the full year

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  2. Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain

    EconomyProgramme

    rules: 1) SMP and ANFA income are included in budget but excluded from EAP. This means that 2.42... back under EAP. The three adjustments are almost identical to those presented in the 2015 budget... not incorporated in the 2014 final budget execution bulletin. Thus, it is not clear whether the actual

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  3. Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April

    Economy

    Greece’s budget execution showed the 4-month primary surplus more than doubled year on year (YoY... budget bulletin published on Monday. The reading is 60 million euros lower than the preliminary figure... primary expenditure (1.46 billion better than target) b) Higher Public Investment Budget (PIB) balance

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  4. Severe underspend covers lower revenues for end-May primary surplus

    Economy

    Greece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion... (MoF) preliminary budget bulletin published on Thursday. However, the budget recorded a primary deficit... higher than expected Public Investment Budget (PIB) balance (by 1.11 billion) more than offsetting

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  5. Cash primary surplus reaches 1.3 bln at end of June on lower expenditure

    EconomyMacroeconomy

    , while the respective items reported in the budget execution bulletin by the Finance Ministry (MoF... figures are not directly comparable. The budget primary surplus of 1.88 billion euros for the first... reflects higher budget revenues (by 1.23 million) and expenditure (by 68 million) and change in state

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  6. Newsletter 91 - 07/10/2016

    Newsletters

    Draft budget published Eurogroup to take stock of milestone implementation The 2017 draft budget.... The draft budget outlines a number of fiscal measures worth 2.59 billion euros for 2017, of which... published its fiscal estimates, which stand below Greece’s bailout programme Draft budget outlines a number

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  7. Newsletter 141

    Newsletters

    budget sees strong growth in 2018 Several key items revised against both the MTFS and draft budget The Finance Ministry this week tabled in Parliament the final version of the 2018 budget showing significant cuts to growth for 2017. The budget is hoped to be the last under the programme. Following

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  8. Newsletter 188 -21/12/2018

    Newsletters

    Politics in flux amid rising tension Blast at Skai/Kathimerini, watchdog appointment and budget... of gaining a clear majority. In between these two developments, the 2019 budget was voted through... Union of Centrists, Yiannis Saridis, voted in favour of the budget. This was viewed as a sign

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  9. Newsletter 206 -17/05/2019

    Newsletters

    Budget, which will impact growth. Alternate Finance Minister Giorgos Houliarakis joined the debate... the basis of post-programme surveillance, or the state budget. Greece submitted to the European Commission..., the state budget primary balance showed a fall of 426 million euros to come to 1.17 billion euros

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  10. Newsletter 208 -31/05/2019

    Newsletters

    , 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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