Greece: January-March 2016 State Budget Execution, & February 2016 arrears

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Global Economic & Market Outlook – Focus Notes (Thursday, April 28, 2016)

Greece: January-March 2016 State Budget Execution, & February 2016 arrears

According to the final State Budget Execution Data for January  – March 2016, the budget balanace recorded a surplus ca Euro 0.22bn, improved relative to the respective  2016 Budget (B16) target  (deficit Euros 1, 34bn). The primary balance recorded  a surplus of ca  EUROS 2, 67 bn, significantly outperforming the B16  target  (primarily surplus  of ca Euros 1.10bn)…

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GLOBAL FOCUS NOTE_APRIL 28 BUDGET EXECUTION FINAL