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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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Stock taking: Where is the Greek economy now?
Agoraunderestimate, because it does not include government guaranteed debt (guarantees are “off-budget”). Guarantee...), and thus this objective would deliver roughly a balanced budget for the general government (only... government budget during its term in office until 2019. When the conservative ND government took over
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Govt grabs opportunity offered by escape clause to entice voters with support package
Economyaround this time next year - when they will have to design the 2023 budget and agree new fiscal... of the corporate tax rate by two percentage points to 22 pct will cost the budget by 183 million euros. MTFS... down slightly in the budget as it seems that the recovery came sooner than expected. The impressive
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Newsletter 311 - 08/10/2021
EconomyDraft budget treads fine line between recovery and restoring fiscal disciplineThe Finance Ministry tabled in Parliament on Monday the draft budget for 2022, setting out the government’s.... Based on the draft budget submission, bonds are expected to rise by 5.7 billion euros to 87.5 billion
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Govt weighs escalating impact of Ukraine war on public finances
PoliticsGreek PoliticsThe government is racing to keep up with estimates of the impact of war in Ukraine on the budget... Christos Staikouras said on Sunday that it is inevitable that the ordinary budget will have to step... the budget projection of 6.9 pct, however it fell short of some of the more optimistic scenarios, while much
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Newsletter 344 - 01/07/2022
with positive news for the Finance Ministry as the final data for the budget execution in May as revenues were... of the year, however, this does not alter the picture that the budget appears to hold during the first... of this comes from the Energy Transition Fund and does not hit the deficit. Nevertheless, the budget has
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Newsletter 345 - 08/07/2022
will not suffice to cover all the requirements and the budget will have to step in. However, there are encouraging signs for the budget from the tourism front, as bookings, occupancy rates and passenger data from.... This bumper season is reflected in the budget, and to some extent assisted by inflation, tax receipts
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Newsletter 350 - 09/09/2022
of the measures. The government is still aiming to trim the primary budget deficit to 2 pct of GDP... could cost the budget more than 10 billion euros, when Greece has already allocated the largest... in the submission of the draft budget in approximately four weeks. Greece is hoping that in the meantime, and until
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Govt hints at more relief measures as opposition lambasts electricity bill fixes
PoliticsGreek PoliticsThe latest budget performance figures offered a pleasant surprise for the government, which has..., which beat budget targets by a wide margin, Alternate Finance Minister Theodoros Skylakakis told Skai... in the draft budget for support on the energy front. Reports in the press suggest that the cash
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