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Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
EconomyMacroeconomy, the PIB balance showed a deficit of 2.53 billion euros. The Finance Ministry released its own... billion euros in the first nine months of 2021, compared with a deficit of 7.01 billion in the same period of 2020. However, the Finance Ministry and central bank apply different accounting methods, so
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October revenues reverse earlier shortfall, annual primary surplus in sight
Economyof Finance (MoF) today. Following a relatively stronger fiscal performance compared to the previous month... Budget (PIB) expenses. As a result, a Jan-Oct primary surplus of 1.10 billion and a budget deficit..., with the Jan-Oct figure landing at 39.38 billion euros, down 6.1 percent yoy. More significantly
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek PoliticsThere was some last-minute drama prompted by the announcement on Friday from the Finance Ministry... on Saturday to deal with Kammenos’s concerns, before the Finance Ministry announced on Sunday that the measure.... Other late changes saw the tax on beer increase from June 1, 2016 (instead of of Jan 1, 2018
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomydata released by the Ministry of Finance (MoF) on Thursday. The state budget deficit to May... period. This implies an average figure exceeding 1 billion per month. Although the April figure of 763
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomyfar in 2014. This is broadly in line with the Ministry of Finance (MoF) target of collecting legacy...Greece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared to the 763 million recorded in April, according to data provided by the General Secretariat of Information
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Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed
EconomyMacroeconomyof 994 million euros are in line with the Ministry of Finance target of collecting legacy tax debt of 1...The rate of increase in Greece’s unpaid taxes accelerated to 1.03 billion euros in June from 873 million in May and 763 million in April, according to data provided by the General Secretariat
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Budget primary surplus at 4.66 bln in 11-month as expenditure falls, revenues rise
EconomyMacroeconomyThe budget primary balance recorded a surplus of 4.66 billion euros in the first 11 months of 2017, decreasing by 19.1 percent against last year’s figure of 5.76 billion euros, the Finance Ministry... of 763 million euros, landing above target by 1.58 billion euros. Revenues Gross revenues edged down
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Newsletter 144 -15/12/2017
against last year’s figure of 5.76 billion euros, the Finance Ministry (MoF) preliminary budget.... The budget balance in the first 11 months of 2017 recorded a deficit of 763 million euros, landing
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankinginitiative by the Finance Ministry and the HFSF that will take the form of an Asset Protection Scheme... billion euros. The four bidders were named as Apollo Global, Centerbridge, Fortress and Lone Star. Along
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomytheir debts is beneficial for banks, Greek structured finance and covered bond transactions... the 2-billion-euro portfolio: PIMCO, LoneStar, B2Kapital, Fortress in cooperation with doBank
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