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Budget
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EconomyMacroeconomy
Preliminary Sep budget records 37 mln primary surplus as taxes outperform by 4.9 bln The budget primary balance up to September 2022 came to a small surplus of 37 million euros, compared to a deficit of 5.96 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027 The International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington
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EconomyMacroeconomy
Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct The Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece is seen growing by 2.1 pct in 2023 and securing a primary surplus of 0.7 pct of GDP, marginally below the stated commitments.
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EconomyMacroeconomy
Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance The budget primary balance for the first eight months of 2022 came to a small surplus of 20 million euros, compared to a deficit of 6.38 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy
PBO sees medium-term risks mounting, despite positive near-term outlook The Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter of the year, and notes the relative positive picture in the near-term, despite the uncertain times due to the energy crisis. However, it notes a series of challenges and risks in the medium-term.
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EconomyMacroeconomy
Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln The budget primary balance up to August 2022 came to a small surplus of 10 million euros, compared to a deficit of 6.38 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Friday.
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Economy
Finance Ministry costs new support package, but questions remain over electricity subsidies Finance Ministry officials held a press conference on Monday to provide additional details about the support package that Prime Minister Kyriakos Mitsotakis announced on Saturday at the Thessaloniki International Fair.
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EconomyMacroeconomy
VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul The budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros, compared to a deficit of 9.06 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
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PoliticsGreek Politics
Govt puts focus on handouts, migration to take heat off surveillance affair With the opposition intent on cornering Prime Minister Kyriakos Mitsotakis over his management of the intelligence service and the surveillance of politicians and journalists, the government is focussed on pulling together an economic package which it hopes will strike a chord with ordinary voters.
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EconomyMacroeconomy Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance The budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.