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Budget
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EconomyMacroeconomy
Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros With Greece having completed two weeks of general lockdown and as Covid-19 data continued to cause alarm, Finance Minister Christos Staikouras tabled to Parliament on Friday the final 2021 budget, which was substantially revised from the draft document submitted at the start of October.
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EconomyMacroeconomy
Budget primary shows deficit of 9.06 bln in October The budget primary balance recorded a deficit of 9.06 billion euros in the first ten months of 2020, compared to a surplus of 5.74 billion noted in October 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for October showed on Monday.
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PoliticsGreek Politics
Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion More than 100 Greeks who contracted Covid-19 died over Saturday and Sunday, making it the worst weekend since the pandemic began.
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EconomyMacroeconomy
EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in The European Commission published on Thursday the economic forecasts for Europe within the context of the 2020 autumn forecasts.
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EconomyMacroeconomy
Budget primary shows deficit of 7.01 bln in September The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF) budget execution bulletin for September confirmed on Monday.
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EconomyMacroeconomy
Budget primary shows deficit of 7.01 bln as revenues suffer in September The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday.
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EconomyMacroeconomy
Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year The Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek authorities see a substantial recovery next year that will offset most of the losses suffered in 2020 due to the pandemic.
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EconomyMacroeconomy
Budget primary confirmed at deficit of 5.48 bln in August The budget primary balance recorded a deficit of 5.48 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the final Finance Ministry (MoF) budget execution bulletin for August showed on Friday.
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EconomyMacroeconomy
Budget primary shows deficit of 6.61 bln in August The budget primary balance recorded a deficit of 6.61 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for August showed on Wednesday.
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EconomyMacroeconomy
General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln Greece’s general government (gg) primary cash deficit came to 7.46 billion euros in the first seven months of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.