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EconomyProgramme
Athens to send draft budget to Brussels after talks with IMF on pensions The Greek government is expected to submit to the European Commission a version of its 2019 budget that is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied and one in which they are not.
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EconomyMacroeconomy
New overdue taxes rise by 849 mln in August with total stock at 102.81 bln Greece’s new tax debt’s month-on-month rise came to 849 million in August, picking up pace from July’s rise of 377 million euros, data from the Independent Authority of Public Revenues (IAPR) showed this week.
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EconomyMacroeconomy
General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln Greece’s general government (gg) primary cash surplus came to 3.51 billion euros in the first eight months of the year, reduced by 750 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
FinMin sets out how it would alter policy mix to prevent pension cuts In its efforts to avoid the politically sensitive issue of cutting pensions further, the Finance Ministry presented in the draft budget this week an alternative scenario consisting of a significantly different fiscal policy from the one included in the Medium-Term Fiscal Strategy (MTFS) this summer.
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EconomyMacroeconomy
Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets The Finance Ministry (MoF) tabled on Monday afternoon in Parliament’s Economic Affairs Committee the draft budget for 2019, which contains its fiscal estimates as well as the underlying macro assumptions.
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EconomyMacroeconomy
Budget surplus confirmed at 3.16 billion in August The budget primary balance was confirmed at a surplus of 3.16 billion euros in the first eight months of 2018, according to the final budget execution bulletin for August published by the Finance Ministry (MoF) on Monday.
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EconomyMacroeconomy
Budget primary surplus at 3.14 bln in August as revenues grow and spending falls The budget primary balance came to a surplus of 3.14 billion euros in the first eight months of 2018, according to the preliminary budget execution bulletin for August published by the Finance Ministry (MoF) on Friday.
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EconomyMacroeconomy New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month nth rise came to 377 million in July, slowing from June’s rise of 428 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
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EconomyMacroeconomy
General govt primary cash surplus at 2.82 bln in July, arrears unchanged Greece’s general government (gg) primary cash surplus came to 2.81 billion euros in the first seven months of the year, down by 1.33 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports Greece’s seasonally adjusted (SA) GDP grew by 0.2 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2018, after an upwardly revised increase of 0.9 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Monday.