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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
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Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
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As restrictions drop away, Apr travel balance beats even pre-Covid levels
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May cash deficit improves markedly YoY as revenues rise by 3.5 bln
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Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
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Travel balance back to normal, but Apr C/A deficit of 1.62 bln impacted by goods deficit
Draft 2022 budget represents first attempt to restore post-pandemic fiscal order
Following two years during which Greece was allowed, thanks to the SGP escape clause, to run substantial deficits to protect its economy from the impact of the pandemic, 2022 sees some sense of fiscal order returning based on the draft budget submitted to Parliament on Monday.
Using the enhanced surveillance methodology that Greece is subject to until next summer and excludes exceptional items such as SMP and ANFA profit disbursements and spending on migration, Greece ran a primary deficit of 12.49 billion euros in 2020 and i...
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