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Government opts for modest tax relief, but who will benefit?
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EconomyFeaturesThe government tabled its much-anticipated tax relief package in Parliament on Tuesday night, making good on some of its pre-election pledges.
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October budget primary surplus confirmed at 5.74 bln
EconomyMacroeconomyThe budget primary balance recorded a surplus of 5.74 billion euros in the first 10 months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the final Finance Ministry (MoF) budget execution bulletin confirmed on Monday.
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Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
EconomyMacroeconomyFollowing the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.
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Brussels gives Athens thumbs-up for reforms and budget
EconomyProgrammeGreece’s new government managed to successfully clear on Wednesday the first major approval hurdle in its brief tenure as the European Commission (EC) published the fourth post-programme surveillance report, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments.
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Budget primary surplus at 5.76 bln in October as expenditure drops
EconomyMacroeconomyThe budget primary balance recorded a surplus of 5.76 billion euros in the first ten months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
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Sept budget primary surplus confirmed at 4.47 bln, well above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 4.47 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, according to the Finance Ministry (MoF) budget execution bulletin for the month.
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Vital economic legislation lined up as ND seeks compromise over diaspora vote
PoliticsGreek PoliticsThe government is gearing up for a busy legislative period in the coming months, which will include tax and pension reforms as well as the adoption of the 2020 budget.
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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomyFollowing the publication of its global forecasts in the World Economic Outlook, the International Monetary Fund (IMF) released its Fiscal Monitor ahead of the autumn meetings due to take place in Washington this week.
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomyThe government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International Monetary Fund issued an indirect warning that Greece’s growth prospects for the coming years will be weaker than expected.
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Budget primary surplus at 4.48 bln in September
EconomyMacroeconomyThe budget primary balance recorded a surplus of 4.48 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Tuesday.