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PM reins in rush to re-open economy as vaccines proceed slowly
PoliticsGreek Politicson Wednesday that reopening the retail sector would save the budget 1.5 billion euros per month. Paring back.... Now it is up to the authorities to manage the available budget of 1.5 billion euros, which
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Finance Ministry grapples with escalating cost of pandemic
Economyamount to 7.5 billion euros, its budget plans for 2021 have already been blown out of the water. Ta.... This will lead the ministry to have to submit a revised 2021 budget to parliament soon, the newspaper
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EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
EconomyMacroeconomyforecast, included in the budget for 2021 tabled last November, growth in 2021 was seen at 4.8 pct... quarter of the year most of the 7.5-billion-euro allocation of support in this year’s budget. For the euro
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Covid-19 stretches health system again, putting reopening of shops in doubt
PoliticsGreek Politicsclosed carries a huge cost for the state budget. Each week that goes by with the retail sector closed costs the budget around 500 million euros. Koufodinas As the government juggles with the complexities
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In 9th post-bailout review, EC sees reforms slowing due to pandemic
EconomyProgrammethe 7.5-billion-euro support portfolio that was included in this year’s budget. Based on the Commission's latest estimates in autumn, the deficit this year will be 3.4 pct of GDP. The government’s 2021 budget puts
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Primary cash balance deficit at 2.72 bln in February
EconomyMacroeconomyby 1.45 billion euros, bringing the total to 10.5 billion euros. The Public Investment Budget (PIB.... The Finance Ministry released its own preliminary data that showed the primary budget recorded a deficit
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyFiscal Monitor the budget was seen in primary balance, which implies a 6-percentage point revision... one, issued by the Parliamentary Budget Office - to 4.2 pct, the latest estimate published this week
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Primary cash balance deficit at 3.91 bln in March
EconomyMacroeconomyeuros, bringing the total to 16.1 billion euros. The Public Investment Budget (PIB) balance came... released its own preliminary data this week that showed the primary budget recorded a deficit of 3.42
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Primary cash balance deficit at 6.14 bln in April
EconomyMacroeconomya rise by 4.04 billion euros, bringing the total to 22.2 billion euros. The Public Investment Budget.... The Finance Ministry released its own preliminary data this week that showed the primary budget
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Primary cash balance deficit at 8.23 bln in May
EconomyMacroeconomythe total to 26.8 billion euros. The Public Investment Budget (PIB) balance came to a deficit... data this week that showed the primary budget recorded a deficit of 8.17 billion euros in the first
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