PBO: Consolidated general govt primary balance improved by 1.089 bln€ in Jan-Sep 2018

8 November 2018
153 Views

Τhe Greek Parliament’s Budget Office on Wednesday estimated that the consolidated general government’s primary balance over the first nine-month period of the year improved by 1.089 billion euros compared with the corresponding period of 2017.

In a report, the PBO said the state budget’s primary cash balance was 311 million euros lower compared to the previous year.

In terms of revenues, ordinary tax revenue was 516 million euros higher and public investment budget (PIB) revenue was 298 million euros higher.

In the report, the PBO notes:

“This improvement is largely offset in cash terms by reduced privatization revenue by 1,037 million euros, included in the category “Non-Tax and Non-Recurring Revenue.

“On the expenditure side of the State Budget, there is an increase by 582 million euros, due to higher ordinary primary spending by 1,040 million euros, lower interest payments by 353 million euros and lower PIB spending by 105 million euros, compared to the previous year.”

You may be interested

Putin congratulates Greece on Independence Day
GREECE
shares15 views
GREECE
shares15 views

Putin congratulates Greece on Independence Day

Panos - Mar 26, 2019

Russian President Vladimir Putin has sent messages of congratulations to Greek President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras on…

BoG: Higher balance of travel services, revenues in Jan. 2019
FINANCE
shares18 views
FINANCE
shares18 views

BoG: Higher balance of travel services, revenues in Jan. 2019

Panos - Mar 26, 2019

A significant increase in the surplus balance of travel services was reported on Friday by the Bank of Greece, fuelled…

Turkish jets harass helicopter carrying Greek PM Tsipras by his own admission
GREECE
shares24 views
GREECE
shares24 views

Turkish jets harass helicopter carrying Greek PM Tsipras by his own admission

Panos - Mar 26, 2019

Turkish fighter jets harassed the helicopter carrying Greek Prime Minister Alexis Tsipras to the island of Agathonisis for the 25th…

Leave a Comment

Your email address will not be published.