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Newsletter 162 -18/05/2018
of the business plan by McKinsey which was still being put together. 2 Primary cash surplus at 7.45 bln..., overall expenditure from January to April declined by 1.13 billion euros and came to 15.38 billion. Budget primary surplus at 2.33 bln in April Strong public investment budget underspend key driver behind
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Moody's explains cautious approach to Greek credit rating upgrade
Economythis month, with the focus on the 2019 budget and the continuing implementation of the banking sector's strategy for resolving its non-performing exposures. Budget execution Moody’s believes that the budget execution remains solid and given continued overperformance next year, the Greek authorities
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Newsletter 180 -26/10/2018
presented a draft 2019 budget with two scenarios, adding that this created a good basis for discussions... ministers will have the final say. 2 Primary surplus confirmed at 4.80 bln September’s figure driven by lower tax refunds and public investments The budget primary balance was confirmed at a surplus
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Newsletter 181 -2/11/2018
Date eyed for deal on 2019 budget Nov 19 Eurogroup seen as key meeting as focus in Athens turns... the final version of the budget to Parliament at the end of the month. Finance Minister Euclid Tsakalotos... over the 2019 budget. IMF spokesman Gerry Rice has publicly confirmed that the Fund will leave it up
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomy’s (MoF) final budget estimate of 2.1 percent for 2018. A breakdown of annual components showed... to 2017. The MoF’s final budget for 2019 had foreseen the exports of goods and services to increase... of the headline GDP number. Government spending represents around 20.8 percent of the total. The latest budget
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General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
EconomyMacroeconomyto the Finance Ministry’s (MoF) monthly gg bulletin. The surplus was led by the state budget primary... governments fell by 166 million euros to stand at 233 million euros. The breakdown of the state budget... rose by 683 million euros to 35.29 billion euros, a rise of 2 percent YoY. Social contributions
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Newsletter 261 -07/08/2020
governments, a rise of 143 million euros was seen, taking the total to 326 million. Overall, the state budget.... The budget primary balance for the same time last year came to a surplus of 253 million euros...). Declines were seen in local governments (-8 million), state budget (-7 million) and extrabudgetary
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General govt primary cash deficit of 9.07 bln in October, arrears drop by 250 mln
EconomyMacroeconomymillion), SSFs (-15 million), state budget (-4 million) and extrabudgetary funds (-2 million). Hospital.... Overall, the state budget primary balance showed a fall of 14.71 billion euros, landing at a deficit of 9.07 billion euros. The budget primary balance for the same time last year came to a surplus of 5.64
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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyMinistry officials, submitted in November a budget for 2021 that assumed the lockdown would... that each week of lockdown in Athens costs the budget 500 million, from a combination of higher.... This situation has forced the authorities to earmark most of the total annual support budget of 7.5 billion
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Newsletter 286 - 26/02/2021
that keeping shops closed carries a huge cost for the state budget. Each week that goes by with the retail sector closed costs the budget around 500 million euros. The resumption of economic activity... the 7.5-billion-euro support portfolio that was included in this year’s budget. Based
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