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Budget
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EconomyMacroeconomy
ELSTAT revises 2015 primary surplus downward to 0.15 pct of GDP, slightly ups debt The second notification of the annual fiscal data published by the Hellenic Statistical Authority (ELSTAT) on Thursday revealed a lower 2015 primary surplus and higher debt compared to the initial figures published in its first notification on April 21.
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EconomyMacroeconomy
PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget The Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4.
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EconomyMacroeconomy
Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance Greece’s budget primary surplus soared 77.5 percent to 5.45 billion euros in the 9-month period of 2016 from 2.27 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
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EconomyMacroeconomy
General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln Greece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.
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EconomyMacroeconomy
Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4 The Greek Finance Ministry announced ahead of schedule on Tuesday afternoon the revenue evolution for September, which showed a notable outperformance against the targets.
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EconomyMacroeconomy Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln The Finance Ministry (MoF) tabled in Parliament’s Economic Affairs Committee on Monday the 2017 draft budget, which contains its fiscal estimates and the interventions needed to achieve them, as well as the underlying macro assumptions.
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EconomyMacroeconomy Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target Greece’s budget primary surplus slipped 1.2 percent to 3.75 billion euros in the 8-month period of 2016 from 3.8 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
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EconomyMacroeconomy
Budget primary surplus of 3.8 bln to Aug beats target by wide margin Greece’s budget primary surplus edged down 1.1 percent to 3.76 billion euros in the 8-month period of 2016 from 3.8 billion in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
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EconomyMacroeconomy
General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln Greece’s general government (gg) primary cash surplus grew by almost 1.7 billion euros to 4.02 billion in the 7-month period of 2016 from 2.33 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.
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EconomyMacroeconomy
Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July Greece’s budget primary surplus fell by 4.4 percent to 3.55 billion in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) final budget execution bulletin displayed on Friday. Preliminary figures were released on August 16.