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Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomyGreece’s budget execution posted a primary surplus of 3.57 billion euros in the 11-month period, according to the Finance Ministry (MoF) final budget bulletin. This is 33 million euros higher than... of 880 million by October. Similarly, the 11-month budget deficit reached 1.83 billion, 706 million
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Budget revenues rebound in August but shortfall remains at 4.2 bln
EconomyMacroeconomyGreece’s budget primary surplus almost doubled to 3.8 billion euros in the 8-month period of 2015 from 1.95 billion euros last year, the Finance Ministry (MoF) preliminary budget figures showed...) as well as higher Public Investment Budget (PIB) balance (by 1.44 billion) more than offsetting
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyGreece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros... Ministry’s final budget bulletin. The year on year (YoY) improvement mostly reflects a rise in revenues... and an improvement in the Public Investment Budget (PIB) surplus by around 70 million. Compared to targets
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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomyFollowing the tabling of the 2017 budget in Parliament on Monday, the Greek Fiscal Council... budget, EFKA and ETEAP (unified fund for supplementary pensions) revenues are seen rising by 1.5... on consumption is directly linked to the optimistic macro assumptions of the budget, the Fiscal Council notes
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Budget primary shows deficit of 13.75 bln in November
EconomyMacroeconomyThe budget primary balance recorded a deficit of 13.75 billion euros in the first eleven months...) budget execution bulletin for November showed on Monday. The primary balance was above its target... in October. For the same month last year, the primary surplus came to 1.21 billion euros. The budget
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Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
EconomyMacroeconomyThe budget primary balance in October was confirmed at a surplus of over 6 billion euros, compared... (MoF) budget execution data released on Monday. In the ten months of the year, the budget... investment budget, came to 40.84 billion euros. Net revenues came to 53.93 billion euros. The budget balance
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Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018
EconomyProgrammefrom 2018 to 2022. In the latest preliminary budget figures for May, privatisation proceeds came... are expected to bring in over 2 billion euros over the next few years. DEPA In early June, Energy
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Government compromises on 2 pct rise for minimum wage
PoliticsGreek PoliticsIt was confirmed at a cabinet meeting on Monday that the minimum wage will rise by 2 pct, a symbolic increase that is the result of the government’s unwillingness to leave salaries unchanged but also... be supported by an allocation of 0.5 pct of GDP from the budget. The Labour Ministry is aiming
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomyupped its 2024 growth forecast to 2 pct, from 1.6 pct in the previous estimate, although... investment needed to support growth will have to be financed from the budget after the Recovery
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyGreece’s budget primary surplus slipped 1.2 percent to 3.75 billion euros in the 8-month period of 2016 from 3.8 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed... expenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly
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