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Final budget execution for June affirms solid revenues, driven by VAT and income tax
EconomyMacroeconomyThe budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on ...
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IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
![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/]")
EconomyMacroeconomyThe 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. The Fund sees Greece turning this...
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Government faces uproar over tax evasion measures despite solid poll ratings
PoliticsGreek PoliticsThe announcement of a new tax regime for self-employed earners has elicited a strong reaction from opposition parties. The measure is part of a reform package that the government claims are necessary to combat tax evasion, but its critics say it amounts...
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Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
EconomyMacroeconomyThe budget primary balance in October was confirmed at a surplus of over 6 billion euros, compared to a deficit of 350 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday. In th...
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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 data released by the Finance Ministry (MoF) on Tuesday....
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Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance
EconomyScope Ratings kept Greece’s rating unchanged at ‘BBB-‘ on Friday. This is the lowest step of the investment grade that it granted Greece in August last year, but Scope upped the outlook to positive. The agency notes that the main driver behind the outlo...
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Latest IMF forecasts see solid fiscal performance, poor growth beyond RRF
EconomyMacroeconomyDuring the annual IMF and World Bank meetings in Washington, the Fund published its latest economic and fiscal estimates in the World Economic Outlook (WEO) and Fiscal Monitor (FM) publications. The IMF is broadly in line with recent estimates for the G...
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Final Oct budget execution data reaffirms solid primary surplus boosted by privatisation takings
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 13.53 billion euros in October, compared to a surplus of 6.08 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monda...
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Budget rolls on with solid primary surplus of 12 bln in Nov
EconomyMacroeconomyThe budget primary balance recorded a surplus of 12.01 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. During the eleven months of the year, the primary balance came in 2...
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Solid Oct for travel receipts takes 10M figure to new record of 20.94 bln
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.94 billion euros in October, compared to 3.58 billion euros in September, according to data released by the Bank of Greece (BoG) on Tuesday. October balance was 18.6 percent higher than the 1.64 billion eu...
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