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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 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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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 336 - 06/05/2022
now will be primarily checked against the budget and growth performance in the coming period..., from 1.4 pct envisaged in the budget. The spending on energy support initiatives are earmarked... ordinary budget impact. Greece commits to a primary surplus of 1.1 pct of GDP for 2023 and then up
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Electricity price shock, pressure on phone-tapping take shine off surveillance exit
PoliticsGreek Politics. This will require a hefty contribution from the state budget as it is almost certain that the dedicated... euros/KWh from the suppliers’ 0.68-0.78 euros/KWh. Overall, the impact on the state budget has been... from the budget for another “inflation cheque” by the end of the year, while it is also looking
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Newsletter 349 - 02/09/2022
that the remainder of the subsidy would come from the regular state budget, envisaged to contribute up to 850... of the Transition Fund are not expected to exceed 1 billion euros in September, which means that the state budget... budget might have to intervene in the volume of more than 3 billion euros until the end of the year
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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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