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Taxes
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EconomyMacroeconomy
Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June Greece’s budget primary surplus was confirmed at 2.47 billion euros in the first half of 2016 from 1.88 billion a year ago, corresponding to a notable improvement of almost 31 percent, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
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EconomyMacroeconomy
Unpopular but effective property tax returns for another year The single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding a notable burden to Greek households since its launch in 2014.
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EconomyMacroeconomy
Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5 percent from the 1.88 billion recorded in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
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EconomyMacroeconomy
General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend Greece’s general government (gg) primary cash surplus substantially widened by almost 5.5 times to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry (MoF) gg bulletin displayed on Thursday.
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EconomyMacroeconomy
Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May Greece’s budget primary surplus was confirmed at 2.28 billion euros in the 5-month period of 2016, which was significantly higher than last year’s figure of 1.51 billion, according to the Finance Ministry’s (MoF) final budget execution bulletin released on Monday.
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Economy
Study estimates tax evasion costs taxpayer up to 16 bln annually Tax evasion in Greece is estimated to range from 6 to 9 percent of GDP, involving tax losses from 11 to 16 billion a year – the equivalent of almost one third of public revenues – according to a new study conducted by Ernst and Young for the Athens-based think tank Dianeosis.
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EconomyMacroeconomy
Primary cash surplus widens to 2.66 bln in first five months of 2016 Greece’s central government primary cash balance climbed to 2.66 billion euros in the first five months of 2016 from 1.07 billion euros last year, Bank of Greece (BoG) figures showed on Friday.
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EconomyMacroeconomy
Five-month budget primary surplus of 2.27 bln, revenues outperform in May Greece’s budget primary surplus stood at 2.27 billion euros in the 5-month period of 2016 up by more than 50 percent from last year’s figure of 1.51 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Thursday.
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EconomyMacroeconomy
General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln Greece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros in the 4-month period of 2016 from 581 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
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EconomyMacroeconomy
Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues Greece’s budget primary surplus rose by more than 29 percent to 2.72 billion euros in the 4-month period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF) final budget execution bulletin showed on Friday.