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Budget
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EconomyMacroeconomy
Budget primary balance at 498 mln in Jan as net revenues fall short of target The budget primary balance came to a primary surplus of 498 million euros in the first month of 2020, below target by 771 million euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed this week.
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EconomyMacroeconomy
Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover During the first visit to Athens of the new Economic Affairs Commissioner Paolo Gentiloni, the Greek government stepped up its efforts to secure more fiscal space that will allow it to continue its policy of tax cuts.
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EconomyMacroeconomy
General govt primary cash surplus at 9.45 bln in Dec, arrears fall by 195 mln Greece’s general government (gg) primary cash surplus came to 9.45 billion euros across 2019, up by 3.73 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Budget primary surplus confirmed at 5.02 bln in Dec The budget primary balance was confirmed at a surplus of 5.02 billion euros across the twelve months of 2019, compared to a surplus of 91 million noted in December 2018, the final Finance Ministry (MoF) budget execution bulletin showed on Monday.
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EconomyProgramme
Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space The fifth post-programme surveillance review was completed on Friday following three days of talks between the Greek authorities and the heads of the institutions in Athens that were preceded by a week of discussions with the technical teams during the previous week.
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EconomyProgramme
Lenders set out key review issues as Athens tables proposals for fiscal space Greece’s fifth enhanced surveillance review formally kicked off on Wednesday when the heads of mission started their meetings with the Greek authorities, following a week of preparatory work by the technical teams.
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EconomyMacroeconomy
Public investment under spotlight amid arguments over budget execution The issue of public investment spending became a point of friction on Wednesday when the deputy minister responsible for fiscal issues claimed the previous government used creative means to make investment spending appear higher at state budget level than it was.
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EconomyMacroeconomy
Budget primary surplus at 4.96 bln in Dec, beating annual target The budget primary balance recorded a surplus of 4.96 billion euros across the twelve months of 2019, compared to a surplus of 91 million noted in December 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
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EconomyMacroeconomy
General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln Greece’s general government (gg) primary cash surplus came to 8.84 billion euros in the first eleven months of the year, up by 1.18 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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PoliticsGreek Politics
New pension system, lower primary surpluses among govt targets for 2020 The year ends with Greece being hit by a cold snap and high winds, but with the government planning to get 2020 off to a smooth and convincing start.