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Budget
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EconomyMacroeconomy
Final budget sees strong growth, fiscal overperformance in 2018 The Finance Ministry tabled in Parliament on Tuesday evening the final version of the 2018 budget, which the government hopes will be the last budget of the memorandum era as the current European Stability Mechanism programme is set to be completed in August next year.
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EconomyMacroeconomy
General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears Greece’s general government (gg) primary cash surplus amounted to 5.34 billion in the first nine months of 2017, up marginally (by 3 million euros) compared to the same time last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyProgramme
Focus back on remaining prior actions after mission chiefs' visit After the week-long visit by the institutions’ heads of mission to Athens as part of the third programme review, the focus will now shift back to the implementation of the dozens of outstanding prior actions needed for the inspection to be completed.
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EconomyProgramme
Sub-tranche for arrears approved as round of review talks draws to close The European Stability Mechanism board of directors approved on Thursday the disbursement of the remaining 800 million euros in bailout loans as talks concerning the third review progressed in Athens.
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EconomyMacroeconomy
Budget primary surplus of 4.54 bln in 9-month below target despite underspend The budget primary balance was confirmed at a surplus of 4.54 billion euros in the first nine months of 2017, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
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EconomyMacroeconomy
Revision sees 2016 fiscal surplus at 0.5 pct of GDP As part Greece’s obligation in relation to the Excessive Deficit Procedure (EDP) notification of 2017, Greece’s statistical authority, ELSTAT, announced on Monday the revised fiscal data for the 2013–2016 period.
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EconomyProgramme
IMF still sees fiscal gap in 2018 - no action needed, for now During the regular cycle ahead of its Autumn meetings in Washington, the International Monetary Fund released the World Economic Outlook (WEO) and Fiscal Monitor (FM) which also include the Fund’s latest macro and fiscal estimates for Greece.
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EconomyMacroeconomy
Draft budget highlights taxpayer fatigue, creates policy mix doubts The draft 2018 budget submitted to Parliament on Monday is the first formal confirmation by the Finance Ministry that revenues figures are starting to reveal signs of fatigue among taxpayers.
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EconomyMacroeconomy
General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln Greece’s general government (gg) primary cash surplus rose by 509 million euros from the previous year to 4.51 billion in the first eight months of 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Athens outlines 2018 debt management plan for post-bailout era In the draft 2018 budget submitted to Parliament on Monday, the Greek government outlined parts of its strategy for debt management next year and in the post-programme era.