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EconomyMacroeconomy
Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May Greece’s budget primary surplus was confirmed at 2.28 billion euros in the 5-month period of 2016, which was significantly higher than last year’s figure of 1.51 billion, according to the Finance Ministry’s (MoF) final budget execution bulletin released on Monday.
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EconomyMacroeconomy
Five-month budget primary surplus of 2.27 bln, revenues outperform in May Greece’s budget primary surplus stood at 2.27 billion euros in the 5-month period of 2016 up by more than 50 percent from last year’s figure of 1.51 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Thursday.
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EconomyMacroeconomy
General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln Greece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros in the 4-month period of 2016 from 581 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
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EconomyMacroeconomy
Government hopes offer of tax breaks and grants will spark growth boost The Economy Ministry tabled in Parliament on Thursday evening the long-awaited Economic Development Law that the government hopes will boost productivity and growth.
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EconomyMacroeconomy
Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues Greece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.
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EconomyMacroeconomy
Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes The multi-bill tabled in Parliament on Wednesday evening included a set of parametric fiscal measures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions that Greece has to make by 2018 as part of the first programme review.
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EconomyMacroeconomy Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending Greece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget execution bulletin published on Thursday.
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EconomyMacroeconomy General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln Greece’s general government (gg) primary cash surplus almost tripled to 3.22 billion euros in the first quarter (Q1) of 2016 from 1.1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
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EconomyMacroeconomy
Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1 Greece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros, which was 940 million higher than last year’s figure of 1.73 billion, according to the Finance Ministry’s final budget bulletin.
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EconomyProgramme
Gov't unveils bill to overhaul pension system, increase income tax revenues One of the main interventions that the reform bill introduces is that all main pension funds are consolidated into the new National Security Body with a unified methodology applied for the calculation of social security contributions as of 2017, as well as for granting pensions as of 2016.