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  1. Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance up to October landed at a deficit of 7.2 billion euros, compared... (MoF) budget execution data released on Monday. The primary balance was broadly in line... interest payments and the public investment budget, came to 43.89 billion euros. Net revenues came

    2%

  2. Are hirings in the public sector out of control?
    Photo by MacroPolis

    EconomyFeatures

    permanent public sector staff and 15,000 contractors, at a cost of 600 million euros. These accusations... contractors. Their numbers have swelled from 3,413 in 2012 to 15,601 at the end of 2017. By far the largest

    2%

  3. CPI down 1.3 pct in April as Greece remains in deflation for 14th month

    EconomyMacroeconomy

    and footwear (-2.2 percent) and hotels, cafes and restaurants (-2.2 percent). The latter’s movement... beverages and tobacco were the two sectors posting price increases at 2.2 and 0.9 percent respectively

    2%

  4. Newsletter 239 -14/02/2020

    Newsletters

    . EC ups growth to 2.2 pct in 2019 Strong performance of 15-year bond bodes well for market strategy... of the regular winter forecast cycle, revising upward its expectations for the growth of 2019 to 2.2 percent from... growth stands at 2.2 percent. Net exports are the main contributor for last year’s performance

    2%

  5. On Portugal, PSI and a national salvation pact

    Agora

    interest expense (called a primary budget surplus) of €7.2 billion a year or whatever amount... a primary budget surplus of 4.3% of GDP. Portugal has had a negative primary budget balance for over 15 consecutive years. The highest primary budget surplus ever realized over the past 36 years

    2%

  6. Central gov't cash deficit shrinks to 1.27 bln in April

    EconomyMacroeconomy

    the respective MoF numbers for the budget execution are disclosed on a modified cash basis. Cash revenues... percent drop. The respective 4-month budget item stood at 13.84 billion, corresponding to a deviation... at a much slower pace by 3.2 percent to 16.13 billion. The respective 4-month budget figure stood

    2%

  7. BoG sees central gov't primary surplus to May at 1.06 bln on cash basis

    EconomyMacroeconomy

    basis, while the Ministry of Finance (MoF) respective items included in the budget execution bulletin.... The respective 5-month budget figure stood at 17.31 billion euros, corresponding to a deviation of 486 million... smoother drop by 7.3 percent to 19.58 billion. The respective 5-month budget item stood at 19.81

    2%

  8. Central gov't primary cash surplus reaches 1.37 billion in first half of year

    EconomyMacroeconomy

    (MoF) budget execution bulletin are reported on a modified cash basis. Cash revenues in the first half... revenue growth of 16 percent in June. The 6-month budget figure stood at 20.65 billion euros... a single-digit drop of 6.5 percent to 23.44 billion. The respective 5-month budget figure stood

    2%

  9. September revenues drive 9-month Greek primary surplus up to 2.53 bln

    Economy

    Greece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month... to higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros... primary and budget balances continue to outperform targets in the 9-month period by 979 million

    2%

  10. Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
    Photo by MacroPolis

    Economy

    Greece’s budget execution displayed the primary surplus significantly narrowing by 1.64 billion..., according to the Finance Ministry (MoF) preliminary budget bulletin published today. More importantly... Investment Budget (PIB) expenditure (+1.6 billion MoM). For the full year, the actual figures showed

    2%