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Details of 2025 budget point to complex economic challenges ahead
EconomyMacroeconomyThe Finance Ministry tabled last Wednesday the final budget for 2025. As much as the headline... economy is expected to grow by 2.2 pct this year, essentially unchanged from the 2.3 pct of last year... to have been overestimated. Around this time last year, investment growth in this year’s final budget
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Drop in revenues drives Jan central government primary cash deficit to 149 mln
EconomyMacroeconomy2015 from surplus of 812 million last year, according to the Bank of Greece (BoG). The central... items presented by the Ministry of Finance (MoF) in the budget execution bulletin are calculated... to 3.13 billion euros in January from 4.47 billion last year. The MoF preliminary budget data
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Public sector staff trends survive MoU exit, change of government
Society(an increase of over 100% over the previous low), only to reach a new high of 3,024 under ND in December 2020... is already having to revise spending and budget expectations in the short term, and is staking a lot... in early summer. In June 2019 the number of public sector contractors was 103,213 and in June 2020 it had
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Greece tops EU tables for lawyers but also pending administrative court cases
Society6.4 cases per 100 inhabitants in 2012, compared to 21 in the EU – it was at the upper end... litigious cases jump rapidly in 2012 and 2013, to 5.8 and 6.2 first instant cases per 100 inhabitants, from 4 in 2011. By 2014, the most recent year covered by the release, the rate had fallen to 2.2.
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomythe state budget at 17 million from a surplus of 1.83 billion in the 11-month period and social... budget posted the highest adjustment within 2014 as its 2013 deficit stood at 5 billion euros...) followed by hospitals (down by 148 million) and state budget (down by 118 million). Similarly, the year
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyperiod. The Public Investment Budget (PIB) balance recorded a deficit of 143 million euros in October..., the preliminary budget execution figures published by the Finance Ministry (MoF) displayed a budget... expenditure rose by 2.1 percent to 38.51 billion. It should be noted that budget execution figures do
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Greek primary surplus at 400 mln to Oct but arrears keep piling up
EconomyMacroeconomyEAP terms and comparable to the government’s estimate of 812 million for the whole year 2013... by the troika. The state budget is the key element in the reported gg balance evolution. There is an important difference compared to the budget execution released for the same period, which relates to a cash
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammethe existing budget framework or that has implications for financial stability. c) No action towards... proceed on its own with a plan for taxpayers to settle their debts in up to 100 instalments, which... percent, the debt ratio in NPV terms would reach 120 percent in 2020. 2015 funding needs The budget
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Newsletter 219 -13/09/2019
in the 2020 budget being drafted by the Finance Ministry. One of the most significant interventions... onwards to adopt these measures. The Finance Ministry is due to submit the draft 2020 budget... will have a fiscal impact of 100 million euros. Reducing the introductory income tax rate from 22
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammebanks to the Hellenic Financial Stability Facility (HFSF) in 2012 and 310 million from its cash reserves. The first amount will be recorded in April’s state budget execution revenues. We understand... be reported in March’s budget execution revenues. The newspaper also noted that March revenues were
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