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Taxes
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EconomyMacroeconomy
New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP Greece’s new tax debt exceeded the 1-billion mark in December as it climbed to 1.28 billion euros after a smaller increase of 890 million in November, General Secretariat of Public Revenues (GSPR) data revealed on Monday.
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EconomyMacroeconomy
PBO warns of recovery risks, fourth bailout and possible default In its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead to a sustainable economic recovery.
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EconomyMacroeconomy
Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016 Greece’s budget primary surplus almost doubled to 4.44 billion euros in 2016 from 2.27 billion in 2015, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
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EconomyMacroeconomy
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016 Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
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EconomyProgramme
Provisions of out-of-court workout bill outlined ahead of submission to Parliament In an interview with Ethnos daily on Saturday, Economy and Development Minister Dimitris Papadimitriou outlined the key highlights of the draft law on the out-of-court workout that is due to be tabled in the Parliament by the end of January.
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EconomyMacroeconomy
General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln Greece’s general government (gg) primary cash surplus grew by 1.4 billion euros to 6.4 billion in the 11-month period of 2016 from 5 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Tuesday.
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EconomyMacroeconomy
New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln Greece’s new tax debt rose at a slower pace of 890 million in November from 1.4 billion in October, according to the General Secretariat of Public Revenues (GSPR) data.
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EconomyMacroeconomy
Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance Greece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
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EconomyMacroeconomy
Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows The significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday.
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EconomyMacroeconomy
Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance Greece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday.