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  1. Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance up to September landed at a deficit of 5.96 billion euros, compared...) budget execution data showed on Friday. The primary balance was above the target in the 2022-2025 Medium... investment budget, came to 35.8 billion euros. Net revenues came to 39.45 billion euros, above

    6%

  2. Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget... budget by 185 million euros. Expenditure, excluding interest payments and the public investment

    6%

  3. Buoyed by improved tax revenues, budget deficit comfortably beats target at 7.88 bln in Nov
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the eleven months of the year landed at a deficit of 7.88 billion... to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday. The primary balance is well ahead of the target set in the final budget for 2022, beating it by roughly 1.1 billion euros

    6%

  4. Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance in August was confirmed at a surplus of 5.6 billion euros, compared...) budget execution data released on Monday. In the first eight months of the year, the budget... budget, came to 32.12 billion euros. Net revenues came to 43.12 billion euros. The budget balance up

    6%

  5. Greece seeks to finalise 1 pct of GDP in new tax measures to close review

    EconomyMacroeconomy

    on OPAP games with targeted revenues of 190 million per annum that was incorporated in the 2016 budget... on gasoline, with incremental revenues seen at 100 million. 5) Rise in the excise tax on tobacco products, with targeted revenues of 100 million. 6) Increase in the car registration tax, which is not expected

    6%

  6. Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    as the ongoing sanctions and the embargo of the European Union against Russia has damaged the country’s trade and economic relations with Moscow. Greece’s economy has suffered from the embargo on food... diplomatic sources. Despite the EU embargo against Russia, however, Athens’ relations with Moscow

    6%

  7. Newsletter 45 - 02/10/2015

    Newsletters

    Hectic agenda awaits govt Draft budget for 2016 to be tabled Monday The lawmakers returned.... On Monday, Finance Minister Euclid Tsakalotos will table the 2016 draft budget. Recent media reports... of 1.3 percent. Our understanding is that this year’s budget targets should also be revisited. Last year

    6%

  8. Newsletter 301 - 18/06/2021

    Newsletters

    , in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline..., which saw the spread over German sovereign debt drop below 100 basis points. However, the PBO notes... on budget transfers for a long period of time to withstand the effects of the pandemic and this may have

    6%

  9. Newsletter 168 -29/06/2018

    Newsletters

    in 2030 and below 100 to 96.4 percent in 2060. Gross financing needs (GFN) are expected to strongly...-term, while the debt stock to GDP falls below 100 percent by 2060. The European Commission also.... 2 May budget primary surplus at 1.53 bln Confirmed figure beats the target by 1.35 bln The budget

    6%

  10. Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending

    EconomyMacroeconomy

    Greece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1... budget execution bulletin published on Thursday. The headline figure represents an outperformance... million), more than offsetting an underperformance of the Public Investment Budget (PIB

    6%