Greece: January – August 2017 State Budget Execution…

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Global Economic & Market Outlook – Focus Notes (Monday, October 9 2017)

Greece: January – August 2017 State Budget Execution, General Government Arrears & 2018 Draft Budget

According to the final State Budget Execution data for January – August 2017, the budget balance recorded a deficit of ca €1.27 bn, ca €0.04 bn lower relatively to the respective Medium Term 2018-21 (MTFS) target (deficit of €1.23 bn). The primary balance recorded a surplus of ca €3.54 bn, underperforming the MTFS target by €0.03 bn (primary surplus of €3.57 bn). Ordinary Budget net revenue and direct taxes under-performed their MTFS targets by €1.77 bn, and €1.39 bn respectively. Indirect taxes over-performed their MTFS targets by €0.32  bn. Ordinary expenditure stood at €31.12 bn, undershooting the respective MTFS target by €1.44 bn

Viewers can log herebelow and read the full report: GLOBAL FOCUS NOTE #GR BUDGET EXECUTION 09102017

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