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The politics of debt dynamics in Greece
Agoraindebtedness trap. Source: Data is from the draft budget for 2015 submitted by the Greek government... to achieve a primary surplus (before interest payments) in its central budget every year, preferably... budget austerity and fundamentally reverse the working arrangements with the troika; it would also
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Newsletter 5 - 28/11/2014
meeting, the Greek parliament will vote on the 2015 budget, with the government insisting that next year... recorded their third-highest readings this year in October. Budget shortfall in October as revenues miss target A revision of monthly targets meant that Greece’s budget execution figures were 880 million
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Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
EconomyMacroeconomyand is mainly attributed to Public Investment Budget deficit of 857 million euros. The central government... on a cash basis, while the respective items included by the Ministry of Finance (MoF) in the budget... to 5.64 billion euros, almost in line with the respective budget figure of 5.57 billion. Reconciling
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomythe state budget at 17 million from a surplus of 1.83 billion in the 11-month period and social... budget posted the highest adjustment within 2014 as its 2013 deficit stood at 5 billion euros...) followed by hospitals (down by 148 million) and state budget (down by 118 million). Similarly, the year
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Where next for Greece's troubled privatisation programme under SYRIZA?
Economyto the table below that was incorporated in the 2015 budget. However, the money received so far amounts... privatisation that was initially completed last November (not included in the 2015 budget table... of Trainose (operation and management of railway activities). In the 2015 budget, the previous government had
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Newsletter 23 - 17/04/2015
been since December 2012. March's figure is the highest reading since January 2013. Budget primary surplus rises Greece’s budget primary surplus rose to 1.74 billion euros, up 12.6 percent, at the end... expenditure (by 1.18 billion) and higher public investment budget (PIB) surplus (by 856 million
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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyof Finance (MoF). The breakdown among the four key gg entities showed mixed trends. The budget primary... only showed a primary cash surplus of 173 fully attributed to budget, which posted a surplus of 784... million), local governments (+56 million), extrabudgetary funds (+35 million) and state budget (+29
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Why doesn't Tsipras just cut defence spending?
AgoraMinister Alexis Tsipras faces in slashing the defence budget is that – contrary to what many people... budget, the government spent an average of 428 million euros on military procurements in each... the crisis began, more than 70 percent of the defence budget was used to pay staff but, according
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Have inflation "repay" Greek debt and growth reduce indebtedness
Agorato Greece’s budget would be very limited. Put differently, such a haircut would be the least attractive...) the benefit to Greece’s budget would be minimal. Alternatively, Greece could assume the following position... be 800 million euros. Those 800 million would annually flow through Germany’s budget but there wouldn
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammein 2018. As early as October, the Finance Ministry (MoF) has to adopt a supplementary 2015 budget, the draft 2016 budget and a 2016–19 medium-term fiscal strategy that will include a series of parametric measures and structural fiscal reforms. The draft budget is historically tabled on the first
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