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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyin the draft budget estimate growth will reach 2.8 percent next year, mostly led by a substantial... are associated to a slowdown in foreign demand and an under-execution of the public investment budget... budget is worth 0.6 percent of GDP and includes a 4-percentage point reduction in corporate taxation
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Newsletter 227 -08/11/2019
package that the Greek authorities incorporated in next year’s budget is worth 0.6 percent of GDP... budget primary balance rising by 2.37 billion euros and landing at 4.55 billion euros, compared... last year was 1.81 billion. The breakdown of the state budget primary balance figures showed
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesin the accompanying report to the 2020 budget and they appear significantly lower, totalling 1.2 billion euros... to be approved in the context of the regular annual budget and the country’s debt relief agreement... as a 2,000-euro cash bonus for new babies. The latter is the only new spending measure in the 2020 budget
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General govt primary cash surplus at 7.50 bln in October, arrears fall by 54 mln
EconomyMacroeconomygovernments fell by 235 million euros to stand at 211 million euros. Overall, the state budget primary... noted in four out of the six underlying subcategories. The biggest increase came from state budget...), state budget arrears (+51 million) and local governments (+15 million). At 33.7 percent
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General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
EconomyMacroeconomybudget primary balance showed a rise of 2.89 billion euros, landing at 7.28 billion euros this year.... This was followed by tax refunds (-48 million), state budget (-27 million) SSFs (-23 million), extrabudgetary funds... increase was seen in tax refunds (+274 million), followed by hospitals (+60 million), state budget
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Newsletter 236 -24/01/2020
Revenues (IAPR) and the public investment budget. It is reported that the institutions did not raise any... of unused surpluses from one year’s budget to the next. If approved, this could secure up to 4 billion... billion euros of fiscal space in the 2021 budget and at least 400-500 million euros in the current
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General govt primary cash surplus at 9.45 bln in Dec, arrears fall by 195 mln
EconomyMacroeconomyby 532 million euros to stand at 1.48 billion euros. Overall, the state budget primary balance showed... million), extrabudgetary funds (-49 million), local governments (-18 million) and state budget (-18... million). Increases were seen in tac refunds (+161 million) and state budget arrears (+6 million
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Primary cash surplus at 132 mln in January
EconomyMacroeconomywith a rise of 93 million in interest payments to 1.29 billion. The Public Investment Budget (PIB... ago. The budget primary balance was confirmed at a primary surplus of 498 million euros in the first month of 2020, below target by 771 million euros, the Finance Ministry (MoF) final budget execution
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Gathering signs of coronavirus impact on growth expectations
Economybudget is based. In comments made on Tuesday, the council said that it expects Greece’s economy to grow... that the budget for this year provides very little room to manoeuvre. The HFC concludes that given.... It advised the creation of buffers in the budget to absorb expenses such as unforeseeable healthcare
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyjust short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019..., slightly under the MoF’s final budget forecast of 4.9 percent. Imports of goods and services rose by 2.5... marks the fourth consecutive year of positive GDP growth. According to the MoF’s 2020 budget, Greece
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