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EconomyMacroeconomy
Budget primary surplus to Oct hits 6.5 bln as revenues deliver again Greece’s budget primary surplus surged 43.4 percent to 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
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Economy
In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment In its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year, before notably accelerating in the next two years.
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EconomyMacroeconomy
Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible The Greek Fiscal Council published on Tuesday its first semi-annually report on fiscal and macroeconomic developments, presenting its views on the 2017 draft budget and whether targets will be met this year and next.
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EconomyMacroeconomy
Revenues beat target for second straight month in Oct with 739 mln over-performance Greek budget revenues beat their target comfortably for the second successive month in October, according to General Secretariat of Public Revenues (GSPR) figures provided by the Finance Ministry (MoF) on Thursday.
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EconomyMacroeconomy
General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln Greece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.
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EconomyProgramme
World Bank sets out savings Greece can make from streamlining welfare benefits The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues in the first round of discussions on the second programme review between the Greek government and the institutions’ mission chiefs.
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EconomyMacroeconomy
Parliament's budget office sees obstacles to recovery, warns on private debt In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals.
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EconomyMacroeconomy
New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln Greece’s new tax debt rose by 1.35 billion euros in September after increasing by 1.37 billion in August, according to data published by the General Secretariat of Public Revenues (GSPR).
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EconomyMacroeconomy
Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues Greece’s budget primary surplus surged by more than 77 percent to 5.44 billion euros in the 9-month period of 2016 from 2.27 billion a year ago, according to the Finance Ministry (MoF) final budget execution bulletin published on Monday.
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EconomyMacroeconomy
PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget The Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4.