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  1. After Merkel, Samaras faces immediate challenges on domestic front
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    that the October budget execution figures meant that Greece would only have to make extra savings of around 1 billion euros next year and not 2 billion or more as the troika had requested. The 2014 budget... to pass its 2014 budget on December 8. Although it only has 154 of the 300 MPs in the House

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  2. General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln

    EconomyMacroeconomy

    budget surplus at 1.83 billion, corresponding to almost half of total. Last year state budget had posted... up 17 percent of total. The other three gg subsectors showed modest movements with state budget... guarantees by more 12 billion to 36.05 billion. 2) The elimination of the Emergency Liquidity

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  3. Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct

    EconomyProgramme

    by the previous government. In contrast to the 2015 budget, which forecasted a slight inflation of 0.3... of the anticipated general government entities’ fiscal performance shows that the state budget... are forecasted at 19 billion euros, 2.7 billion lower than those incorporated in the 2015 budget. The document

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  4. Primary surplus 3.1 bln above target in H1 on severe underspend

    EconomyMacroeconomy

    Greece’s budget primary surplus widened to 1.88 billion euros in the first six months of 2015 from 1.51 billion in the five-month period, according to the Finance Ministry (MoF) final budget bulletin... Investment Budget (PIB) balance (by 1.81 billion) more than offsetting a revenue gap of 1.67 billion

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  5. General gov't primary cash surplus markedly better in July but arrears climb

    EconomyMacroeconomy

    driven by the high surpluses posted in the state budget (1.75 billion) and social security funds - SSFs... showed mixed trends. In particular, the primary cash surplus of the state budget continued... million (117 million in July) to 2.46 billion euros making up around 43 percent of total. State budget

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  6. Newsletter 59 - 22/01/2016

    Newsletters

    stake in Thessaloniki Port Authority (OLTH) in April. The budget execution for 2015 showed revenues...-expected Public Investment Budget (PIB) balance led to a budget primary surplus of 2.27 billion for 2015... reflects a similar decrease in manufacturing turnover. 2 A year of SYRIZA Greeks paid a heavy price

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  7. Newsletter 83 - 22/07/2016

    Newsletters

    of the methods used. The budget execution for the first half of the year showed primary surplus notably... of 1.06 billion. Budget revenues soared 33.9 percent in June, leading the six-month figure up 7... be completed by the end of July. Primary surplus widens Greece’s budget primary surplus widened to 2.48

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  8. Newsletter 94 - 04/11/2016

    Newsletters

    published on Monday, the Parliamentary Budget Office (PBO) warned that the path to economic recovery... that the 2017 draft budget is expected to have a recessionary impact mainly due to its tax-based... to 7.99 percent. September’s headline figure is the lowest since Greece joined the euro in 2002. 2

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  9. Primary cash surplus almost halves to 1.1 bln in 2-month
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    2 billion, related to the sale of Finansbank by National Bank (NBG), for the repayment of a loan..., the Public Investment Budget (PIB) surplus shrank to just 197 million this year from 1.17 billion a year ago. As we noted, the preliminary budget execution figures published by the Finance Ministry (MoF

    9%

  10. Primary cash balance turns to 295 mln deficit in Q1
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 524 million last year. This includes revenues of almost 2 billion, related to National Bank (NBG... figure edging down by 33 million to 2.44 billion. Furthermore, Public Investment Budget (PIB... million from 1.3 billion last year. As we noted on Tuesday, the preliminary budget execution figures

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