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Revenues
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EconomyMacroeconomy
Revenues beat target for third successive month in November Greek budget revenues beat their target, albeit marginally, for the third straight month in November, General Secretariat of Public Revenues (GSPR) figures revealed on Tuesday.
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EconomyProgramme
What the agreement between Greece and lenders means for fiscal and tax policy Following the first round of meetings between the Greek ministers and the institutions’ mission chiefs at the end of October, Finance Ministry sources said the biggest stumbling blocks in the second programme review were the fiscal gap, funding of the guaranteed minimum income (GMI) and labour market reforms.
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EconomyMacroeconomy
General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln Greece’s general government (gg) primary cash surplus expanded by 1.37 billion euros to 6.08 billion in the 10-month period of 2016 from 4.71 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday evening.
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EconomyMacroeconomy
Report shows Greek tax burden increased in 2015, remaining above OECD average The latest OECD report on Revenue Statistics published on Wednesday revealed Greece’s tax burden increased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above the OECD average of 34.3 percent for the third successive year.
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EconomyMacroeconomy
Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target Greece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
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EconomyMacroeconomy
Fiscal Council adopts 2017 budget forecasts with three reservations Following the tabling of the 2017 budget in Parliament on Monday, the Greek Fiscal Council published on Tuesday its opinion, which concludes that it adopts the forecasts but under three reservations.
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EconomyMacroeconomy
Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth Finance Minister Euclid Tsakalotos tabled in Parliament on Monday afternoon the 2017 budget detailing the government’s fiscal and macro estimates for 2016 and 2017.
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EconomyProgramme
Greece, lenders inch forward after talks on settlement of tax and bank debt Discussions between the Greek ministers and the institutions’ mission chiefs continued on Wednesday with the key focus on the out-of-court workout.
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EconomyMacroeconomy
Budget primary surplus to Oct hits 6.5 bln as revenues deliver again Greece’s budget primary surplus surged 43.4 percent to 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
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Economy
In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment In its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year, before notably accelerating in the next two years.