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EconomyProgramme
Athens aims for November agreement with lenders on pension cuts It appears that Greece and its European lenders will attempt to settle the pension cuts issue at a special Eurogroup meeting that is due to take place on November 19 with the primary aim of preparing eurozone reform measures for the European Council to discuss in December.
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EconomyMacroeconomy
Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments The budget primary balance was confirmed a surplus of 4.80 billion euros in the first nine months of 2018, according to the final preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Wednesday
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EconomyProgramme
Athens edges towards compromise on pension cuts but may have to plug fiscal gap It appears that the institutions are set to grant the Greek government’s request regarding the cancellation of the pension cuts that were due to kick in next year, but reports suggest that Athens and its lenders may still need to agree on a way to bridge an apparent fiscal gap in 2019.
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EconomyMacroeconomy
Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short The budget primary balance came to a surplus of 4.81 billion euros in the first nine months of 2018, according to the preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Monday.
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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.