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EconomyMacroeconomy
Unpopular but effective property tax returns for another year The single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding a notable burden to Greek households since its launch in 2014.
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EconomyMacroeconomy
Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5 percent from the 1.88 billion recorded 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 widens to 2.5 bln by May, arrears resume upward trend Greece’s general government (gg) primary cash surplus substantially widened by almost 5.5 times to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry (MoF) gg bulletin displayed on Thursday.
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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.