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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammein 2019. The primary balance is seen landing at 1.7 percent of GDP this year and 2.2 percent in 2018... of GDP. The majority of this (0.5 percent) comes from lower direct tax estimates. IMF staff argue that the direct tax intake will be affected by an increasing number of taxpayers with incomes below
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May budget primary surplus confirmed at 1.53 bln as revenues rise, PIB spending falls
EconomyMacroeconomy, direct taxes showed an increase of 2.1 percent to 5.54 billion and beat their target by 96 million... to 3.25 billion, which offset a decrease of 2.2 percent in VAT revenue to 6.25 billion. On a monthly basis, indirect taxes fell by 12 percent compared to the same month last year. Direct taxes showed
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomy. The breakdown showed that in the first six months of the year, direct taxes declined by 2.6 percent to 6.52 billion, below target by 285 million. This was driven largely by a 2.2 percent fall in income... by 9.9 percent YoY and came to 2.18 billion. Direct taxes showed a decline of 22.8 percent and landed
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August current account shows surplus of 1.56 bln as deficit in primary income account grows
EconomyMacroeconomyexternal assets showed no notable change in August under direct investments. Portfolio investment.... During the aggregate period, residents’ external assets under direct investment increased by 432 million... in liabilities was driven by a rise of 2.2 billion in non-residents holdings of Greek government bonds
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Primary surplus confirmed at 6.44 bln in October on revised budget targets
EconomyMacroeconomypercent in the aggregate period to 3.10 billion euros, landing exactly on target. Direct taxes were... billion, while VAT revenues also rose by 2.2 percent to 13.62 billion. On a monthly basis, indirect taxes rose by 2.6 percent YoY and came to 2.61 billion. Direct taxes showed a sharper rise, increasing
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Newsletter 246 -03/04/2020
into consideration the initial direct impact and not the indirect effects that may arise. The wider... of foreign direct investment in the real estate market, including the so-called Golden Visa scheme, which... in January following an upward revised rise of 2.2 percent in December, Hellenic Statistical Authority
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PM convenes emergency meeting to work out tariff response strategy
PoliticsGreek Politicscontinued to decline last year, falling by 2.2 pct after a decline of 8.5 pct in 2023. This further fall... Greece has relatively limited direct exposure to US trade, there are various secondary effects... believes the direct effect will be limited. However, the bank notes that there is broader exposure
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyprices fell 2.2 percent in H1, while the respective figure in real terms rose by 1.1 percent... of Greece (BoG) H1 data, non-residents’ direct investment in Greece showed a net inflow of 936 million... period. Total imports increased at an accelerating pace by 4.6 percent in Q2 from 2.2 percent in Q1
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomyto 1.7 percent in 2015 and further to 2.2 percent in 2016. Investments Gross fixed capital formation... and resulting in a 2.2 percent rise in the full year figure. Note, though, that over the past six years... anticipated for direct tourism revenues, which are seen at 14 billion for 2014. For 2015, SETE
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Asking Greece to stack more austerity measures ignores past failings
Agorabillion euros. Taxes underperformed by 1.3 billion euros, direct tax revenues missed the target by 932... billion euros. (Table 2.2). Greece’s programme started going off track early in 2011 when it became... (Table 2.2, in Greek). This meant that in three years, Greece implemented close to 40 billion euros
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