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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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Newsletter 282 -29/01/2021
this year at regular intervals. 2 Budget primary at deficit of 18.20 bln in 2020 Primary balance lands above target by 1.43 billion for the year The budget primary balance recorded a deficit of 18.20... Ministry (MoF) budget execution bulletin for December showed this week. The primary balance was above its
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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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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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