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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgramme. The Finance Ministry has been working on the draft 2020 budget, which it has to submit to the European... security contributions, which is set to begin next summer, has an estimated cost of 200 million euros..., been collected so far. The government has already pointed out to the local media that budget revenues
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Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion
PoliticsGreek Politicsposed by the second coronavirus wave, the Finance Ministry is busy re-writing the budget to account... that it is protecting public safety and has a chance to portray its opponents as reactionaries. Draft budget Away from the political coalface, the Finance Ministry is working on the budget for 2021, which is due
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomyThe budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion... to the final Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat... budget, came to 20.6 billion euros. Net revenues reached 22.29 billion euros, above the target by 1.89
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Final budget execution for June affirms solid revenues, driven by VAT and income tax
EconomyMacroeconomyThe budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros... Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat the target by 1.47 billion euros. Expenditure, excluding interest payments and the public investment budget, came
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IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020
Economywith the Greek government’s debt forecasts, included in the 2016 draft budget tabled on Monday, is more
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Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 2.29 billion euros in the first four... (MoF) final budget execution bulletin for April showed on Thursday. The primary surplus strongly... the target by just under 200 million euros. Net revenues came to 14.38 billion euros, above target
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomy. The crisis is set to deal a major blow to the budget, leading a deficit of -9 pct of GDP this year... admitted that only up to May the hit to the budget would reach 14 billion euros. This is before... not seen since the depth of the crisis, closer to 200 pct of GDP. The authorities might have to rely
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FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomyThe Finance Ministry submitted to Parliament on Monday the draft budget for 2022 in which Greece... the pre-pandemic levels of 2019 and the budget paves the way for a narrowing of the excessive deficits... the all-time high of 205.6 pct of GDP seen last year, dropping to under 200 pct this year and sliding
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economyof significant deficits and pushed up the debt-to-GDP ratio to above 200 pct, S&P now sees the Greek... that the monitoring after the enhanced surveillance period ends in August will focus on budget... consideration if reforms continue, and the budget and growth performance is better than expected. On the other
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Cost of living remains public's top worry, as government slashes green transition budget
PoliticsGreek Politicsthe opposition. The government, meanwhile, has signalled plans to halve the budget for its green transition... transition up to 2030 halved from 200 bln euros in the last version to 100 bln euros. According..., noting that it views some green technologies as too expensive for the budget to sustain. The new draft
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