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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammeFollowing the first round of discussions on the second programme review, which began on October 21 and concluded last Thursday, Finance Ministry sources claimed significant progress was made on most issues.
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First round of second review discussions concludes on Thursday
EconomyProgrammeThe first round of discussions between the Greek government and the institutions’ mission chiefs on the second programme review lasted one week and concludes on Thursday.
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Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues
EconomyMacroeconomyGreece’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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ELSTAT revises 2015 primary surplus downward to 0.15 pct of GDP, slightly ups debt
EconomyMacroeconomyThe second notification of the annual fiscal data published by the Hellenic Statistical Authority (ELSTAT) on Thursday revealed a lower 2015 primary surplus and higher debt compared to the initial figures published in its first notification on April 21.
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PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget
EconomyMacroeconomyThe 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.
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Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance
EconomyMacroeconomyGreece’s budget primary surplus soared 77.5 percent to 5.45 billion euros in the 9-month period of 2016 from 2.27 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.
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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomyThe Greek Finance Ministry announced ahead of schedule on Tuesday afternoon the revenue evolution for September, which showed a notable outperformance against the targets.
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyThe Finance Ministry (MoF) tabled in Parliament’s Economic Affairs Committee on Monday the 2017 draft budget, which contains its fiscal estimates and the interventions needed to achieve them, as well as the underlying macro assumptions.
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyGreece’s budget primary surplus slipped 1.2 percent to 3.75 billion euros in the 8-month period of 2016 from 3.8 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.