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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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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyfiscal performance in the state budget and deteriorating in the other three sectors. The primary cash surplus of the state budget substantially widened by almost 2.5 times to 2.97 billion euros from... 13.7 percent of total. State budget arrears eased MoM yet they have risen by 571 million YtD to 728
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyposted in the 8-month, the Finance Ministry (MoF) final budget execution figures showed on Tuesday... incorporated in the 2016 draft budget tabled on October 5. In particular, the 2015 primary surplus target... (before tax refunds) by 1.05 billion to 52.12 billion and Public Investment Budget (PIB) by 304
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agorain Yen maturing in February. The state’s budget foresees a primary surplus of over 1 billion euros... of the first three months. In fact, in January the entire budget is in a 197 million total surplus, turning into a cumulative deficit of 1.3 billion euros up to March. (Cash balance state budget and Primary
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Primary surplus beat target in 2015 on higher revenues and restrained spending
EconomyGreece’s budget primary balance was confirmed at 2.27 billion euros in 2015 from 1.87 billion in 2014, the Finance Ministry (MoF) final budget bulletin showed on Friday. The reported fiscal outcome... SMP and ANFA income. On top of revenue outperformance, the budget performance in 2015 was also
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Primary cash surplus quadruples to 2.09 bln in first two months of 2016
EconomyMacroeconomyto the budget execution, the marked year on year improvement reflects a soaring Public Investment Budget (PIB) surplus of 1.17 billion euros from just 258 million a year ago. Ordinary budget revenues... percent to 7.78 billion in the first two months of the year. Last week’s budget execution figures, which
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Primary cash surplus more than doubles to 2.8 bln in first half of 2016
EconomyMacroeconomyto that in expenditure. Ordinary budget revenues climbed by 24.4 percent in June leading the 6-month... Budget (PIB) balance recorded a deficit of 102 million in June from surplus of 269 million last year... million stands almost 14 percent lower form last year’s level. The budget execution figures released
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Finance Ministry says revenues beat revised target by 105 mln in July
EconomyProgrammeOctober when the 2016 budget was prepared but has been recently revised. It added that cash revenues... to the MoF. It is worth noting that the first half budget execution figures had shown an overperformance... budget execution bulletin after August 10, including the actual and revised target figures. It is worth
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