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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingwith the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience
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New tax debt at 5.79 bln to November, rising by 847 mln month-on-month
EconomyMacroeconomyof 1.79 billion due. The Finance Ministry reported tax revenues of 39.14 billion euros in November
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Budget primary confirmed at deficit of 18.20 bln in 2020
EconomyMacroeconomyThe budget primary balance recorded a deficit of 18.20 billion euros in 2020, compared to a surplus of 5.02 billion noted in 2019, the final Finance Ministry (MoF) budget execution bulletin for December showed on Monday. The primary balance was above its target by 1.43 billion euros. Primary
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Newsletter 282 -29/01/2021
billion euros in 2020, compared to a surplus of 5.02 billion noted in 2019, the final Finance
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Pandemic drove 28.4 bln of bank loans into moratorium last year
EconomyThe quantity of loans that went into moratorium last year from the end of March stood at 28.4 billion euros, according to an update from the Finance Ministry. This amount came from 405,473 loans, and suspension of payments for most of these will run through March of this year under the moratorium
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General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 12.55 billion euros last year compared to a surplus of 9.46 billion in 2019, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social
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Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 1.47 billion euros in the first month of 2021, compared to a surplus of 495 million noted in January 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for January showed on Monday. The primary balance was below its target by 441
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Newsletter 285 - 19/02/2021
million euros. The Finance Ministry (MoF) said that the revenue shortfall from its target was due
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Central government debt increases €9.15 bln to €374 bln in Q4
EconomyMacroeconomyGreece’s central government debt increased by 9.15 billion euros to 374 billion euros quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2020, from 364.9 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday. The current QoQ change is the fifth
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New tax debt €7.13 bln in 2020, rising by €1.34 bln in December
EconomyMacroeconomycame to 74.1 percent with 1.64 billion euros paid out of 2.22 billion euros due. The Finance Ministry
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