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Budget
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EconomyMacroeconomy
Draft budget sees stronger growth, fiscal targets being met The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
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PoliticsGreek Politics
Third review seen taking longer than Athens had hoped Discussions between Greek government officials and members of the technical teams dispatched to Athens by the institutions continued on Wednesday, amid suggestions that the coalition’s hopes of a swift conclusion to the review are likely to be dashed.
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EconomyMacroeconomy
General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln Greece’s general government (gg) primary cash surplus came to 4.10 billion in the first seven months of the year according to the Finance Ministry’s (MoF) gg bulletin.
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PoliticsGreek Politics
Coalition faces demanding September on reform, fiscal and economic fronts The brief respite for the government from bailout-related tasks is coming to an end as focus is gradually moving towards the next bailout review and the prior actions that Athens has to complete.
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EconomyMacroeconomy
Budget primary surplus at 3.05 bln in 7-month, above target on underspend The budget primary balance recorded a surplus of 3.05 billion euros in the first seven months of 2017, up by 12.4 percent from last year’s figure of 2.72 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
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EconomyMacroeconomy
General govt primary cash surplus falls to 2.63 bln in six-month, arrears rise to 5.13 bln Greece’s general government (gg) primary cash surplus fell by 807 million euros from the previous year to 2.63 billion in the first six months of 2017 according to the Finance Ministry’s (MoF) gg bulletin.
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EconomyProgramme
IMF insists fiscal targets unrealistic, cites historical evidence to support case From the start of Greece’s third European Stability Mechanism, programme in the summer of 2015, the International Monetary Fund had been calling for realistic assumptions in the assessment of Greece’s debt sustainability.
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EconomyMacroeconomy
Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend The budget primary surplus was confirmed at 1.94 billion euros in the first half of 2017, up by 18.6 percent from last year’s figure of 1.63 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.
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EconomyMacroeconomy
Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend The budget primary balance recorded a surplus of 1.94 billion euros in the six month period of 2017, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
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EconomyMacroeconomy
General govt primary cash surplus at 2.25 bln in May, arrears rise Greece’s general government (gg) primary cash surplus fell by 332 million euros from the previous year to 2.25 billion in the first five months of 2017 according to the Finance Ministry’s (MoF) gg bulletin.