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Budget
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EconomyMacroeconomy
Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures Following the formal approval by the European Commission on Wednesday as part of the European semester, the Finance Ministry tabled to Parliament the final budget for 2019.
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EconomyProgramme
Athens prepares final 2019 budget after green light to ditch pension cuts The government is set to submit the final version of the 2019 budget to Parliament on Wednesday without the pension cuts that were pre-legislated in 2017 but with the so-called “positive” measures announced by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September.
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EconomyMacroeconomy
Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend The budget primary balance came to a surplus of 6.46 billion euros in the first 10 months of 2018, according to the preliminary budget execution bulletin for October published by the Finance Ministry (MoF) on Wednesday.
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EconomyProgramme
Athens and lenders search for budget compromise by Thursday's EWG Greece and the European institutions appear to be just days away from a compromise over next year’s budget, although the form that their agreement will take is a matter of some dispute.
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EconomyMacroeconomy
General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln Greece’s general government (gg) primary cash surplus came to 5.21 billion euros in the first nine months of the year, reduced by 116 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyProgramme
Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget All eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own economic plan for 2019 does not seem to have been settled yet.
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EconomyProgramme
IMF distances itself from budget talks, leaving Athens and EU to hammer out deal The International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget.
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EconomyMacroeconomy
Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments The budget primary balance was confirmed a surplus of 4.80 billion euros in the first nine months of 2018, according to the final preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Wednesday
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EconomyMacroeconomy
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
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EconomyMacroeconomy
Revision confirms second year of total fiscal surplus at 0.8 pct of GDP In the context of the second Excessive Deficit Procedure (EDP) notification of 2018, Greece’s statistical Authority (ELSTAT) announced on Monday the fiscal data for the 2014 – 2017 period. The data has been produced based on the Regulation ESA 2010 for the System of National Accounts.