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Taxes
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EconomyMacroeconomy
Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend The budget primary balance posted a surplus of 1.74 billion euros in the 4-month period of 2017, down by 9 percent from last year’s figure of 1.9 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Monday.
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EconomyProgramme
Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year The government tabled in Parliament on Saturday night the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 as the last article in the 275-page multi-bill containing the measures needed for the conclusion of the second programme review.
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EconomyMacroeconomy
EC lowers growth forecasts, sees fiscal targets within reach The recovery of the Greek economy is expected to restart this year, largely on the back of improving consumer and investor sentiment, the European Commission (EC) noted in its spring economic forecasts published on Thursday.
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EconomyProgramme
Details of technical agreement between Greece and lenders set out in draft sMoU The updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in Handelsblatt on Monday evening.
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EconomyMacroeconomy
General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln Greece’s general government (gg) primary cash surplus dropped by 1.17 billion euros to 2.04 billion in the first quarter (Q1) of 2017 from 3.22 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Friday.
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EconomyMacroeconomy
Rise in new overdue taxes slows to 658 mln in March, stock edges up to 94.3 bln Greece’s new tax debt increased at a decelerating pace for the second straight month in March, when it rose by 658 million euros compared to a 989-million-euro increase in the previous month, Independent Authority of Public Revenues (IAPR) data showed on Thursday.
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EconomyMacroeconomy
Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation The agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report.
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EconomyProgramme
Greece agrees package of measures with IMF, eurozone to seal review Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.
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EconomyProgramme
Athens and creditors get down to details in final stretch of review The new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days.
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EconomyMacroeconomy
New overdue tax obligations increase by 989 mln in Feb, stock reaches 94 bln Greece’s new tax debt rose at a slower pace of 989 million euros in February after an increase by 1.63 billion in January, the Independent Authority of Public Revenues (IAPR) data revealed on Monday.