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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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Cost of living remains public's top worry, as government slashes green transition budget
PoliticsGreek Politicsthe opposition. The government, meanwhile, has signalled plans to halve the budget for its green transition... transition up to 2030 halved from 200 bln euros in the last version to 100 bln euros. According..., noting that it views some green technologies as too expensive for the budget to sustain. The new draft
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Central gov't cash surplus rises by 53.8 pct to 603 mln in January
EconomyMacroeconomy). At the same time, the primary cash surplus rose to 812 million, up by 27.7 percent compared to last year’s figure of 636 million. Both figures are in line with the preliminary January budget execution... from a) The inclusion of 2.03 billion euros of SMP income in the budget execution, which was excluded
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomydriven by the high surpluses posted in the state budget (1.75 billion) and social security funds - SSFs... showed mixed trends. In particular, the primary cash surplus of the state budget continued... deterioration posting a deficit of 395 million in the 7-month period compared to a surplus of 812 million
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PM briefs EU leaders on migration stance as Turkey tries to pin blame on Greece
PoliticsForeign Policywith Brussels bit is accusing Athens of violating human rights. This tactic is being followed by all... that will take place in Libya's international waters aiming to preserve the UN arms embargo. The new
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomyThe government submitted to the European Commission on Tuesday the draft 2020 budget after... as the January-September budget execution figures showed that there was a strong fiscal outperformance... sees the Greek economy growing by 2 percent this year and 2.2 percent in 2020. In the previous WEO
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economythat the monitoring after the enhanced surveillance period ends in August will focus on budget... on a 2.2 pct of GDP primary surplus in 2024. The debt-to-GDP ratio is estimated on a sliding path... consideration if reforms continue, and the budget and growth performance is better than expected. On the other
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece... of GDP, or 3.58 billion euros, which is improved on the target of 2.2 pct of GDP. The total deficit.... The final budget is expected to be tabled in the second half of November.
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Retail index fell by 2.2 pct in Feb but trend improving
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 2.2 percent year on year (YoY) in February, while volume slightly rose by 0.6 percent, according to the Hellenic Statistical Agency (ELSTAT). Both headline figures showed an improving trend for the second straight month. On a monthly basis
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