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General govt primary cash deficit at 6.66 bln in April; arrears fall
EconomyMacroeconomythe state budget, the biggest year-on-year (YoY) decline was noted in social security funds (SSFs... funds deteriorated by 73 million euros YoY. The state budget primary balance showed a fall of 4.58 billion euros, landing at a deficit of 6.01 billion euros. The state budget primary balance for the same
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Newsletter 318 - 26/11/2021
. In the final 2022 budget that was submitted last Friday and which is currently debated in Parliament... Ministry is taking some comfort from the budget execution data with the primary deficit settling.... The target for 2021 was revised, as per standard practice, following the tabling of the final budget
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Newsletter 323 - 14/01/2022
that it would be too much of a blow to the budget. On Thursday, Mitsotakis said that the government does..., with the prospect of VAT reduction surfacing in the public debate this week. Based on the 2022 final budget... committed in the budget to rein in the primary deficit at 1.2 pct of GDP, with a total deficit of 4
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Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek Politics. There is now a real possibility that the government will have to dip into the state budget to provide... of more public debt. The country also ran up primary budget deficits of 9.5 and 7.1 pct of GDP over... into a fiscal consolidation of 5 billion euros in 2023. The budget is affected by two main issues
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Newsletter 329 - 25/02/2022
on the budget, but also appears sceptical about the impact of interventions that might not have an impact... year, a fiscal turnaround of close to 3 pct of GDP. According to the Finance Ministry’s budget... energy bills spills over from the Transition Fund financed by emissions auctions to the ordinary budget
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Govt mulls more tools against inflation as cost of living set to soar
PoliticsGreek Politics. The government is running out of fiscal space for further support measures. A revision of the budget expected... in the original budget, tourism revenues reduced by at least 5 pct on 2019 levels, and growth one... transition fund and require more spending from the state budget. Other measures approved
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Hopes of EU providing immediate relief wane as economic challenges multiply
PoliticsGreek Politicsthe last couple of years. Budget implications Clearly, this will weigh on the Finance Ministry’s deliberations as officials re-write this year’s budget, which had already been heavily affected by inflation. Two key variables that the budget is based on, average inflation and the price of oil are now
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Pressure intensifies on govt for more radical interventions in energy markets
PoliticsGreek Politics, arguing that subsidies were not going to suffice. Tight budget The latest news on the budget front..., noting that the budget execution reached its limits following the recent support package. The fiscal
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Where is Odysseus? Part 1 - Demographics
Agora. The book recommended that the Greek government present a structurally balanced budget every year, and that it place this budget in a long-run context or scenario. This scenario could... in the economy—how fast can the economy grow in a sustainable way, and what does this mean for the budget
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Newsletter 335 - 15/04/2022
the ordinary budget. It was not until a couple of weeks ago that a more comprehensive package was announced, which is expected to affect the budget by roughly 700 million euros. The concerns... servicing. The Finance Ministry submitted last week a supplementary budget of 2.5 billion euros, to have
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