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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economybudget performance. However, there was no clarity about the government’s intentions on the energy... Ministry submitted on Monday a supplementary budget worth 2.9 billion euros for 2022, to cover 1.2... to 300 million euros, from 174 million. In September, the energy subsidy cost the budget more than one
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Newsletter 351 - 16/09/2022
will most probably be needed to elect a government.EconomyDespite major impact from energy, budget... of the benefit. In any case there is an understanding that energy will impact the budget greatly, hence the submission of a supplementary budget of 2.9 billion euros this week to include the added
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Speculation over polls heats up as parties battle over cost-of-living measures
PoliticsGreek Politicsbudget. The government is not hiding its hope that negotiations in Brussels will deliver a substantial EU... as they could impact growth, inflation and borrowing costs. Some relief for the budget came from... in September to around 800 million, and may not require input from the national budget. Meanwhile
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Survey highlights households struggling with cost of living, delivers worst outlook since 2019
Economyits latest household income and budget survey for 2022. The survey captures the full impact... in ten respondents and transport is taking up more of the household budget for more than half... and levies. More than six in 10 said that the “household budget” initiative of the government has
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Stability Programme sees improved growth, primary surplus above 2 pct from 2024
EconomyMacroeconomyof GDP this year, slightly improved from the 0.7 pct that was in the latest submitted budget... to almost achieve a balanced total budget by 2026, down to a deficit of just 0.1 pct of GDP, from 1.8.... On the macro front, the estimate for this year is higher than the 2023 budget assumption of 1.8 pct
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Govt looks to tax bonanza for autumn handouts announcement
PoliticsGreek PoliticsThe government appears confident that it has enough ammunition in the budget to announce another... on the horizon, the Finance Ministry has been scrutinising the budget execution data for funds... facing tough budget targets. Increased VAT intakes are expected to be the main source of the new
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Government dampens expectations for handouts in PM's speech
PoliticsGreek Politicsprimary surplus target of 0.7 pct of GDP will be put at risk. The point is also made that the budget... of the year, when there is a clearer picture regarding the final budget execution data for 2023, which... or a hint that Greece might be moving away from the budget discipline of recent years, which has
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Newsletter 416 - 15/03/2024
the public investment budget and credit expansion via RRF loans from commercial banks. The global..., the budget is tight and does not allow for the handouts that have been such a reliable policy tool... households. The growth estimate of 2.9 pct included in this year's budget puts the finance ministry's
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Newsletter 449 - 31/01/2025
and dropping the trade tax also for companies. The budget ended 2024 with another outperformance which... tax relief. The primary surplus came to 3 pct of GDP, from 2.5 pct initially expected and the budget... challenges and its fiscal impact that has favoured the budget in the first year of implementation could
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Several obstacles on narrow fiscal path to new tax cuts
EconomyMacroeconomytax also for companies. The budget ended 2024 with another outperformance which affirms the solid.... The primary surplus came to 3 pct of GDP, from 2.5 pct initially expected and the budget was essentially... fiscal impact that has favoured the budget in the first year of implementation could dissipate
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