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July rise of 388 mln in unpaid taxes is lowest for two years
EconomyMacroeconomyGreece’s new unpaid taxes rose by 388 million euros in July from 656 million in June indicating a decelerating trend for the second straight month,according to data released by the General Secretariat of Information Systems (GSIS).
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyGreece’s budget primary surplus significantly widened to 3.53 billion euros in the 7-month period of 2015 from 1.88 billion in the first half, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyApart from measures to safeguard financial stability, the draft bill for the third bailout tabled in Parliament on Wednesday included also the measures for restoring fiscal health.
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General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
EconomyMacroeconomyThe general government (gg) primary cash surplus contracted by more than 1.6 billion euros to 238 million in the first half of 2015 from 1.85 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomyGreece’s budget primary surplus widened to 1.88 billion euros in the first six months of 2015 from 1.51 billion in the five-month period, according to the Finance Ministry (MoF) final budget bulletin published on Thursday.
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Unpaid taxes edge up by 656 mln in June for slowest monthly rise in 2015
EconomyMacroeconomyGreece’s new unpaid taxes increased by 656 million euros in June compared to 1.03 billion in May, according to data released by the General Secretariat of Information Systems (GSIS).
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomyThe general government (gg) primary cash surplus more than halved to 557 million in the 5-month period of 2015 from 1.16 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.
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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammeAlong with the letter sent by the Greek Prime Minister Alexis Tsipras yesterday requesting a new 2-year loan from the ESM and extension of the second bailout programme for a short period, the government sent also a 2-page letter to the heads of the institutions.
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyGreece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more than double compared to last year’s 707 million, according to the Finance Ministry (MoF) final budget bulletin released on Thursday.
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomyGreece’s central government primary cash surplus remained almost unchanged at 1.065 billion in the 5-month period of 2015, from 1.057 billion last year, according to the Bank of Greece (BoG).