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Revenues
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EconomyMacroeconomy
Primary cash deficit at 5.78 bln in August Greece’s central government primary cash balance recorded a deficit of 5.78 billion euros in the first eight months of the year according to figures released by the Bank of Greece (BoG).
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EconomyMacroeconomy
Budget primary shows deficit of 6.61 bln in August The budget primary balance recorded a deficit of 6.61 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for August showed on Wednesday.
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EconomyMacroeconomy
Overdue social security contributions rise to 37 bln in Q2 The stock of unpaid social security contributions (SSCs) increased to 37 billion in the second quarter (Q2) of 2020, rising by 687 million compared to the figure of 36.32 billion euros registered in the first quarter (Q1) of 2020, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
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EconomyMacroeconomy
New tax debt at 2.53 bln to May, up by 96 mln month-on-month The month-on-month rise in Greece's new tax debt came to 96 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.
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EconomyFeatures
VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU.
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EconomyMacroeconomy
General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln Greece’s general government (gg) primary cash deficit came to 7.46 billion euros in the first seven months of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Budget primary deficit of 7.46 bln confirmed for July as revenues sag The budget primary balance recorded a deficit of 7.46 billion euros in the first seven months of 2020, compared to a surplus of 1.76 billion noted in July 2019, the final Finance Ministry (MoF) budget execution bulletin for July showed on Thursday.
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EconomyMacroeconomy
Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues Greece’s current account (C/A) balance posted a deficit of 1.42 billion euros in June compared to a deficit of 913.9 million euros in May, Bank of Greece (BoG) data showed on Thursday.
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EconomyMacroeconomy
Primary cash deficit at 8.10 bln in July Greece’s central government primary cash balance recorded a deficit of 8.10 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG).
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EconomyMacroeconomy
Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic The budget primary balance widened substantially in July to 8.2 billion euros, from a deficit of 6.10 billion euros in the first six months of 2020, preliminary Finance Ministry (MoF) budget execution data showed on Wednesday.