MacroPolis

Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1

The budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin.

Budget primary surplus falls to 1.1 bln in Q1, slightly above target

The budget primary balance recorded a surplus of 1.07 billion euros in the first quarter (Q1), which was 42.7 percent lower than the figure of 1.86 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.

Since 2010, declared income has plummeted but tax due has risen

By: Manos Giakoumis

The publication by the Independent Authority of Public Revenue (IAPR) of the annual statistical bulletins provided revealing information about the composition personal income tax and its evolution over the past few years.

Greece sees highest tax wedge increase among OECD countries in 2016

The tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1 percentage point (pp), which was the highest rise among the 35 OECD countries, the OECD Taxing Wages 2017 report revealed on Tuesday.

Athens details fiscal counter-measures, a vital selling point for Tsipras

The expansionary counter-measures designed to balance the new fiscal interventions that Greece will have to implement, initially outlined by Finance Minister Euclid Tsakalotos at a press conference after Friday’s Eurogroup, were detailed in a report published by the Athens News Agency (AMNA) on Sunday.

Compromise proposal on table ahead of Friday's Eurogroup

Following a meeting in Brussels on Tuesday evening between representatives from the institutions and the Greek government, a compromise agreement on the fiscal measures beyond 2018 appears to be on the table.

Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt

The Independent Authority of Public Revenue (IAPR) published on Monday its annual report for 2016, which revealed useful data on the composition of Greece’s tax debt.

General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month

Greece’s general government (gg) primary cash surplus fell by 430 million euros to 2.61 billion in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday evening.

No return of institutions to Athens yet as differences persist

The Eurogroup Working Group (EWG) held on Thursday night did not give the green light for the return of the institutions’ mission chiefs to Athens.

Athens, lenders trying to put last pieces in place for technical agreement

With all indications suggesting that the Greek government and the institutions are close to reaching an agreement at technical level, there has been much speculation about how several issues that were proving contentious until recently have been, or will be, resolved.