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Newsletter 339 - 27/05/2022
that the forecast horizon extends to four decades, securing the required primary balance target of 2.6... should not affect the nominal level of primary balance, and should be offset by corrective measures, if applicable. In the previous assumptions, Greece was seen reaching a primary balance of 2.2 pct
4% -
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... billion euros. The budget balance up to May came to a deficit of 4.07 billion euros, from
4% -
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... euros. The budget balance up to June came to a deficit of 6.46 billion euros, from a 12.22-billion
4% -
Travel surplus at 11.46 bln for 8M, beating 2019 record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 3.83 billion euros in August, from a 3.52-billion-euro surplus in July, according to Bank of Greece (BoG) data released on Monday. August’s balance... by the Covid-19 pandemic. Most notably, August’s balance is just short of the 3.87 billion euros
4% -
Final budget execution data for Sep highlights overperformance in most tax categories
EconomyMacroeconomyThe budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros... to the final Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance beat... billion euros. The budget balance up to September came to a deficit of 4.22 billion euros, from
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Final budget for Oct affirms new targets and tax outperformance
EconomyMacroeconomyThe budget primary balance for the ten months of 2022 came to a deficit of 350 million euros... that the primary balance now beats the target by 252 million euros. The overperformance up to last... million euros. The budget balance up to October came to a deficit of 4.77 billion euros, from
4% -
Arrivals nearly double year-on-year in 10M, travel receipts exceed 17 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.31 billion euros in October, from 2.67 billion euros in September, according to Bank of Greece (BoG) data released on Thursday. October’s balance... by the Covid-19 pandemic. Most notably, October’s balance is higher than the 1.2 billion euros of October 2019
4% -
Budget starts year where it left off in 2022, beating target by 618 mln in Jan
EconomyMacroeconomyThe budget primary balance in January this year came to a surplus of 2.77 billion euros, compared... budget, came to 3.75 billion euros. Net revenues came to 7.16 billion euros. The budget balance.... The overall balance is better than the target by 554 million euros. Revenues Net revenues
4% -
Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes
EconomyMacroeconomyThe budget primary balance in February was confirmed to be a surplus of 4.22 billion euros... budget, came to 7.47 billion euros. Net revenues came to 12.97 billion euros. The budget balance.... The overall balance is better than the target by 2.27 billion euros. Revenues Net revenues for the period
4% -
Budget primary surplus at 3.07 bln in Mar on back of 2022 tax collections, underspend
EconomyMacroeconomyThe budget primary balance came to a surplus of 3.07 billion euros in March, compared to a deficit... budget, came to 11.81 billion euros. Net revenues came to 16.83 billion euros. The budget balance up.... The overall balance is better than the target by 2.81 billion euros. Revenues Net revenues
4%