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  1. General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    billion. 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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  2. PBO sees just 2.7% growth this year, warns about private debt
    Photo by Panayiotos Tzamaros

    EconomyMacroeconomy

    Parliament’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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  3. Stock taking: Where is the Greek economy now?

    Agora

    underestimate, 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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  4. Newsletter 344 - 01/07/2022

    Newsletters

    with positive news for the Finance Ministry as the final data for the budget execution in May as revenues were... of the year, however, this does not alter the picture that the budget appears to hold during the first... of this comes from the Energy Transition Fund and does not hit the deficit. Nevertheless, the budget has

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  5. Govt hints at more relief measures as opposition lambasts electricity bill fixes
    Photo via https://flic.kr/p/5Wq2VT

    PoliticsGreek Politics

    The latest budget performance figures offered a pleasant surprise for the government, which has..., which beat budget targets by a wide margin, Alternate Finance Minister Theodoros Skylakakis told Skai... in the draft budget for support on the energy front. Reports in the press suggest that the cash

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  6. Reshuffle and handouts put on ice as New Democracy closes ranks ahead of local elections
    Image: www.primeminister.gr

    PoliticsGreek Politics

    substandard infrastructure which failed in last week’s floods. Budget rewrite The outlines of a revised budget were given by Finance Minister Costis Hatzidakis in an interview with ANT-1 TV on Wednesday... in emergency spending is set to be included in a supplementary budget. In order to meet the government’s

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  7. PM launches reconstruction plan for disaster-hit regions as SYRIZA walkout spawns new group
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    by the EU, though the state budget would also have to chip in. Among the measures announced... infrastructure. Also announced were a doubling of state support from the budget from 300 to 600 million euros... euros had to be diverted from the budget to cover shortfalls in the farmers’ insurance fund ELGA

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  8. Kasselakis sets sights on government over cost of living
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    As the budget debate in Parliament builds up to Sunday’s vote, SYRIZA leader Stefanos Kasselakis... the government has ruled out because it argues that the impact on the budget would be too onerous... of the government’s defence spending plans as part of the 2024 budget approval process. In the past

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  9. How big is the gap separating Greece and the institutions?
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    and 2 percent for 2016, which is in line with the institutions’ proposal. However, the lenders... a fiscal gap of 350 million for 2015 and 800 million for 2016 2) The increase in the health care... million for 2015 and 405 million for 2016. 2) The institutions agree on a rise in the corporate income

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  10. A breakdown of Greece’s revised financing needs as part of its new ESM programme

    EconomyProgramme

    and SMP bonds (9.2 billion). 2) IMF debt redemption (8.4 billion). 3) Debt amortization to the private... and SMP bonds (2.9 billion). 2) New Greek government bonds (issued after the PSI) mostly held... the previous assessment. 2) Cash buffer for deposit build-up of 7.6 billion compared to 4.5 billion

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