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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening.
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PBO warns of recovery risks, fourth bailout and possible default
EconomyMacroeconomyIn its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead to a sustainable economic recovery.
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Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
EconomyMacroeconomyGreece’s budget primary surplus almost doubled to 4.44 billion euros in 2016 from 2.27 billion in 2015, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyGreece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus grew by 1.4 billion euros to 6.4 billion in the 11-month period of 2016 from 5 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Tuesday.
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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyGreece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
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Athens settles pension handout row, looks for review progress
EconomyProgrammeEurogroup President Jeroen Dijsselbloem concluded on December 24 that “the way has been cleared for the European Stability Mechanism (ESM) to go ahead with the decision-making procedures” for the implementation of short-term debt relief measures after Greek Finance Minister Euclid Tsakalotos sent a letter to the institutions providing assurances regarding primary surplus targets and the distribution of any excess.
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Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
EconomyMacroeconomyGreece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday.
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IMF sets out its stall as review deliberations resume in Athens
EconomyProgrammeFollowing the statements made during a regular press briefing by the IMF spokesman Gerry Rice last Thursday ahead of the resumption of discussions between the institutions’ mission chiefs in Athens, the IMF sent a very strong message regarding the Greek programme on Monday evening.
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Fiscal dispute dominates as Greece and lenders gear up for more talks
EconomyProgrammeThe institutions’ mission chiefs are expected to return to Athens early this week to begin a new round of discussions with the Greek authorities on the ground, aiming clinch a staff-level agreement on the second programme review.