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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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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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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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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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