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Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
EconomyMacroeconomy2022 budget anticipates the debt-to-GDP ratio resuming a downward path. The Finance Ministry provided... purchase programme PEPP. The draft budget outlines more than 29 billion euros of ECB purchases of GGBs... and 1 billion euros and yields of 0.02 pct and 1.675 pct respectively. The draft budget also notes
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Newsletter 322 - 07/01/2022
tests 2022 budget from start as inflation also troublesWhen it was tabled in Parliament on November 19, the 2022 budget envisaged that the pandemic would mostly be left behind by the end of the first... from 2.9 billion euros seen in the draft budget in October due to expenditures affecting the ordinary
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Newsletter 325 - 28/01/2022
, the energy prices crisis, the Finance Ministry received some encouraging budget execution data... included in the draft budget for 2022 at the end of November by 2.62 billion euros. The total... against the initial estimates included in the 2021 budget, Greece finds itself way off its initial
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Newsletter 331 - 11/03/2022
in the budget for more relief measures. However, Greek hopes were dashed on both counts after the first day... budget, while the opposition has been pressing for more radical interventions. The publication... to meet the budget targets. The conflict in Ukraine has created a new landscape in the EU, with talks
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Tracking Greece's fiscal performance
Agorathat the original data are mostly cash outlays and expenditures in the budget, with some adjustments... a fiscal operation becomes effective and when the costs or revenues show up in the budget can cause... at the time when these have an economic impact (solid line in Figure 1), even if the budget cash impact
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Newsletter 363 - 16/12/2022
Staikouras presented the draft budget almost a month ago, the last of New Democracy’s current term, he described it as a historical and deeply symbolic moment, being the first budget in 12 years to be compiled outside an MoU or enhanced surveillance regime. The vote on the budget is due to take place
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Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov
EconomyMacroeconomyThe budget primary balance came to a surplus of 5.85 billion euros in November, compared to a deficit of 1.09 billion euros in the same period of 2022, according to the preliminary budget execution... investment budget, came to 45.57 billion euros. Net revenues were 59.19 billion euros. The budget
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Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
EconomyMacroeconomyoutlook for the year. The macroeconomic assumptions in this year’s budget compiled by the Finance Ministry... Ministry. Private consumption growth is seen at 1.6 pct, up from 1.3 pct in the 2024 budget, investments are seen growing by just over 9 pct, from over 15 pct in the budget, exports are expected to grow
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared... Ministry (MoF) budget execution data released on Friday. In the period, the budget primary balance... and the public investment budget, came to 26.18 billion euros. Net revenues came to 34.38 billion euros
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
EconomyMacroeconomyThe budget primary balance produced a surplus of 8.7 billion euros up to August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary... and the public investment budget, came to 34.68 billion euros. Net revenues were 48.46 billion euros
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