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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyGreece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock... and the recession on the budget execution. The first seven months of the year have a primary deficit... budget having been used for certain pandemic related measures higher by 3.12 billion and primary
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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomybillion. Overall, the state budget primary balance showed a fall of 11.54 billion euros, landing at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came... budget arrears by 35 million. Since the start of the year, total arrears have risen by 706 million
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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 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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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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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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Newsletter 344 - 01/07/2022
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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Govt hints at more relief measures as opposition lambasts electricity bill fixes
PoliticsGreek PoliticsThe 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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Reshuffle and handouts put on ice as New Democracy closes ranks ahead of local elections
PoliticsGreek Politicssubstandard 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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