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Newsletter 261 -07/08/2020
governments, a rise of 143 million euros was seen, taking the total to 326 million. Overall, the state budget.... The budget primary balance for the same time last year came to a surplus of 253 million euros...). Declines were seen in local governments (-8 million), state budget (-7 million) and extrabudgetary
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyGreece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock... and the recession on the budget execution. The first seven months of the year have a primary deficit... budget having been used for certain pandemic related measures higher by 3.12 billion and primary
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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomybillion. Overall, the state budget primary balance showed a fall of 11.54 billion euros, landing at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came... budget arrears by 35 million. Since the start of the year, total arrears have risen by 706 million
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomypercent YoY. The Ministry of Finance’s revised 2020 budget expects private consumption to fall by 7.6... to drop by 30.3 percent in 2020 before rising by 22.5 percent in 2021 according to the latest budget... MoF budget sees imports of goods and services dropping by 17.4 percent this year before recovering
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General govt primary cash deficit of 9.07 bln in October, arrears drop by 250 mln
EconomyMacroeconomy. Overall, the state budget primary balance showed a fall of 14.71 billion euros, landing at a deficit of 9.07 billion euros. The budget primary balance for the same time last year came to a surplus of 5.64... million), SSFs (-15 million), state budget (-4 million) and extrabudgetary funds (-2 million). Hospital
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General govt primary cash deficit of 13.75 bln in November, arrears drop by 302 mln
EconomyMacroeconomy. Overall, the state budget primary balance showed a fall of 21.03 billion euros, landing at a deficit of 13.75 billion euros. The budget primary balance for the same time last year came to a surplus... (-22 million), SSFs (-9 million), state budget (-3 million) and extrabudgetary funds (-3 million
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General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
EconomyMacroeconomybillion. An increase was seen in extrabudgetary funds with a rise of 2.31 billion, while the budget position of local governments deteriorated by 7 million euros YoY. Overall, the state budget primary balance showed a fall of 23.72 billion euros, landing at a deficit of 18.18 billion euros. The budget
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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyMinistry officials, submitted in November a budget for 2021 that assumed the lockdown would... that each week of lockdown in Athens costs the budget 500 million, from a combination of higher.... This situation has forced the authorities to earmark most of the total annual support budget of 7.5 billion
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Newsletter 286 - 26/02/2021
that keeping shops closed carries a huge cost for the state budget. Each week that goes by with the retail sector closed costs the budget around 500 million euros. The resumption of economic activity... the 7.5-billion-euro support portfolio that was included in this year’s budget. Based
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PBO sees just 2.7% growth this year, warns about private debt
EconomyMacroeconomyParliament’s Budget Office (PBO) published on Tuesday its report for the fourth quarter of 2020... for this year in Greece, Although the Finance Ministry’s estimates for 4.8 pct growth from the final budget... by the RRF. The PBO has adjusted its public investment budget assumption higher to 7.5 billion euros
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