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Revenues
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EconomyMacroeconomy
Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible The Greek Fiscal Council published on Tuesday its first semi-annually report on fiscal and macroeconomic developments, presenting its views on the 2017 draft budget and whether targets will be met this year and next.
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EconomyMacroeconomy
Revenues beat target for second straight month in Oct with 739 mln over-performance Greek budget revenues beat their target comfortably for the second successive month in October, according to General Secretariat of Public Revenues (GSPR) figures provided by the Finance Ministry (MoF) on Thursday.
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EconomyMacroeconomy
General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln Greece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.
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EconomyMacroeconomy
New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln Greece’s new tax debt rose by 1.35 billion euros in September after increasing by 1.37 billion in August, according to data published by the General Secretariat of Public Revenues (GSPR).
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EconomyMacroeconomy
Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln The rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday.
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EconomyMacroeconomy
Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues Greece’s budget primary surplus surged by more than 77 percent to 5.44 billion euros in the 9-month period of 2016 from 2.27 billion a year ago, according to the Finance Ministry (MoF) final budget execution bulletin published on Monday.
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EconomyMacroeconomy
ELSTAT revises 2015 primary surplus downward to 0.15 pct of GDP, slightly ups debt The second notification of the annual fiscal data published by the Hellenic Statistical Authority (ELSTAT) on Thursday revealed a lower 2015 primary surplus and higher debt compared to the initial figures published in its first notification on April 21.
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EconomyMacroeconomy
PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget The Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4.
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EconomyMacroeconomy
Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln Greece’s central government primary cash surplus increased by 540 million to 3.22 billion in the 9-month period of 2016 from 2.68 billion last year, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance Greece’s budget primary surplus soared 77.5 percent to 5.45 billion euros in the 9-month period of 2016 from 2.27 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.