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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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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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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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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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Storm fallout sweeps PM to crucial juncture early in second term
PoliticsGreek Politicsof compensation, as well as repurposing funds from the state investment budget. Kyriakos Mitsotakis said... the options available. The Finance Ministry will probably have to submit a supplementary budget this autumn to account for the extra spending, while the drafting of next year’s budget will also have
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