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Revenues
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EconomyMacroeconomy
Overdue social security contributions rise to 36.32 bln in Q1 The stock of unpaid social security contributions (SSCs) increased to 36.32 billion in the first quarter (Q1) of 2020 by 932 million compared to the figure of 35.38 billion euros registered in the fourth quarter (Q4) of 2019, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
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EconomyMacroeconomy
New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month The month-on-month rise in Greece's new tax debt came to 545 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.
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EconomyMacroeconomy
Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit The budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday.
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EconomyFeatures
Multiple fronts and falling revenues pose pensions challenge for government The government is facing a complex landscape in dealing with Greece’s long-standing pensions issue, exacerbated by the latest challenge of declining revenues and an impending back payment ruling.
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EconomyMacroeconomy
Primary cash deficit at 5.35 bln in May Greece’s central government primary cash balance recorded a deficit of 5.35 billion euros in the first five months of the year according to figures released by the Bank of Greece (BoG).
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EconomyMacroeconomy
Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May The budget primary balance recorded a deficit of 4.80 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for May showed on Monday.
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EconomyMacroeconomy
General govt primary cash deficit of 1.85 bln in Apr as revenues decline Greece’s general government (gg) primary cash deficit came to 1.85 billion euros in the first four months of the year compared to a surplus of 1.73 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY Greece’s seasonally adjusted (SA) GDP fell by 1.6 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020 after a decrease of 0.7 percent in Q4 2019, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
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EconomyMacroeconomy
April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct The budget primary balance recorded a deficit of 1.52 billion euros in the first four months of 2020, compared to a surplus of 1.46 billion noted a year earlier, the final Finance Ministry (MoF) budget execution bulletin for April showed on Monday.
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EconomyMacroeconomy
Primary cash balance deficit climbs to 2.62 bln in April largely on revenue deterioration Greece’s central government primary cash balance recorded a deficit of 2.62 billion euros in the first four months of the year according to figures released by the Bank of Greece (BoG).