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EconomyMacroeconomy
General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln Greece’s general government (gg) primary cash surplus came to 3.51 billion euros in the first eight months of the year, reduced by 750 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Budget surplus confirmed at 3.16 billion in August The budget primary balance was confirmed at a surplus of 3.16 billion euros in the first eight months of 2018, according to the final budget execution bulletin for August published by the Finance Ministry (MoF) on Monday.
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EconomyFeatures
VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues.
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EconomyMacroeconomy
Budget primary surplus at 3.14 bln in August as revenues grow and spending falls The budget primary balance came to a surplus of 3.14 billion euros in the first eight months of 2018, according to the preliminary budget execution bulletin for August published by the Finance Ministry (MoF) on Friday.
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EconomyProgramme
Mixed picture for government after first day of talks with creditors A mixed picture emerged following the first day of talks between Greek government officials and the institutions’ mission chiefs in Athens as part of the post-programme visit by the lenders, which began on Monday.
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EconomyProgramme
Lenders appear at ease with Tsipras pledges, cautious on pension cuts The institutions have begun poring over Greece’s budget execution data as part of the first post-programme inspection, which will also include a close look at the pledges made by Prime Minister Alexis Tsipras at the Thessaloniki Expo (DETH).
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PoliticsGreek Politics
Tsipras pledges array of tax cuts, hopes for break on pensions Alexis Tsipras did not spring any surprises during his speech at the Thessaloniki Expo (DETH) on Saturday, when he made a range of promises, particularly regarding his government’s fiscal plans, that were largely within the expectations that had been cultivated in previous weeks.
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PoliticsGreek Politics
SYRIZA and ND go head-to-head over promises to lighten tax burden As the inauguration of the Thessaloniki Expo (DETH) on Saturday approaches, the competition between Prime Minister Alexis Tsipras and New Democracy leader Kyriakos Mitsotakis to win over voters with their pledges is heating up.
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EconomyMacroeconomy
New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month nth rise came to 377 million in July, slowing from June’s rise of 428 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
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EconomyFeatures Greece tops OECD countries for tax rises and spending cuts The Organisation for Economic Cooperation and Development’s (OECD) latest report on tax policy reforms has highlighted the extent of increased taxation in Greece in recent years.