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  1. Budget primary deficit improves by 7.2 bln YoY in 2021, beats target by nearly 2 bln
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance for the full year landed at a deficit of 10.99 billion euros in 2021...) budget execution data released on Monday. The primary balance is well ahead of the target set in the final budget for 2022, beating it by 1.96 billion euros. Expenditure, excluding interest payments

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  2. Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the full year landed at a deficit of 10.33 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the final Finance Ministry (MoF) budget... that the balance is now well ahead of the target set in the final budget for 2022, beating it by 2.62 billion euros

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  3. Budget exudes fiscal stability, but hints at political complications

    EconomyMacroeconomy

    Last week’s five-day debate on the 2025 budget concluded on Sunday without any complications... be considered the first budget of stability since Mitsotakis assumed office, as the first full year.... The 2025 budget sees the primary balance at 2.5 pct of GDP this year and will remain at that level

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  4. PM makes minor changes to cabinet, with focus on handling of EU funds

    PoliticsGreek Politics

    will be responsible for private investment and public-private partnerships. New Democracy MP Nikos Tagaras assumes

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  5. Mitsotakis tries to balance party discipline, right‑flank pressures with minor reshuffle

    PoliticsGreek Politics

    and Energy portfolio left vacant by the late Nikos Tagaras, and Tassos Chatzivasileiou returns

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  6. Newsletter 19 - 13/03/2015

    Newsletters

    . This means that liquidity will remain a problem for the Greek state in the weeks to come... by 1.8 points from 27.8 percent in Q4 2013. Primary surplus close to target Greece’s budget primary... million euros, a Public Investment Budget balance surplus of 206 million and an 11.1 percent increase

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  7. On Portugal, PSI and a national salvation pact

    Agora

    . As a result, we believe that addressing the overleverage problem earlier is better. Notably, €4.6... interest expense (called a primary budget surplus) of €7.2 billion a year or whatever amount... a primary budget surplus of 4.3% of GDP. Portugal has had a negative primary budget balance for over

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  8. Why doesn't Tsipras just cut defence spending?

    Agora

    Minister Alexis Tsipras faces in slashing the defence budget is that – contrary to what many people... budget, the government spent an average of 428 million euros on military procurements in each... the crisis began, more than 70 percent of the defence budget was used to pay staff but, according

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  9. About to soar? Greece's economy still needs to be handled with care
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    percent this year, which will present the government with serious challenges in terms of budget performance. The revenues side of the budget is already struggling to meet the targets, falling 682 million... for families with many children, although that is only masking the problem in the headline primary deficit

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  10. New team at Finance Ministry tasked with familiar old juggling act

    PoliticsGreek Politics

    budget was badly derailed and that the new government couldn’t expect any favours in the form of easier...-electoral giveaways, which the institutions blame for derailing the budget. That may have saved votes... that the government will probably pass it as advertised and then deal with the problem of how to pay

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