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Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
EconomyMacroeconomyThe budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget... budget by 185 million euros. Expenditure, excluding interest payments and the public investment
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Buoyed by improved tax revenues, budget deficit comfortably beats target at 7.88 bln in Nov
EconomyMacroeconomyThe budget primary balance for the eleven months of the year landed at a deficit of 7.88 billion... to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday. The primary balance is well ahead of the target set in the final budget for 2022, beating it by roughly 1.1 billion euros
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Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
EconomyMacroeconomyThe budget primary balance in August was confirmed at a surplus of 5.6 billion euros, compared...) budget execution data released on Monday. In the first eight months of the year, the budget... budget, came to 32.12 billion euros. Net revenues came to 43.12 billion euros. The budget balance up
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomyon OPAP games with targeted revenues of 190 million per annum that was incorporated in the 2016 budget... on gasoline, with incremental revenues seen at 100 million. 5) Rise in the excise tax on tobacco products, with targeted revenues of 100 million. 6) Increase in the car registration tax, which is not expected
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MPs gear up for action as To Potami calls it a day and PASOK wobbles
PoliticsGreek Politicsprimary surplus that this year’s budget execution is expected to produce, will be shared out... additions and alterations to the draft law, which comes hot on the heels of the 2020 budget... Tsakalotos, claimed that the budget is not voter- or growth-friendly. He accused ND of a class-based
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Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
PoliticsForeign Policyas the ongoing sanctions and the embargo of the European Union against Russia has damaged the country’s trade and economic relations with Moscow. Greece’s economy has suffered from the embargo on food... diplomatic sources. Despite the EU embargo against Russia, however, Athens’ relations with Moscow
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Newsletter 45 - 02/10/2015
Hectic agenda awaits govt Draft budget for 2016 to be tabled Monday The lawmakers returned.... On Monday, Finance Minister Euclid Tsakalotos will table the 2016 draft budget. Recent media reports... of 1.3 percent. Our understanding is that this year’s budget targets should also be revisited. Last year
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Newsletter 301 - 18/06/2021
, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline..., which saw the spread over German sovereign debt drop below 100 basis points. However, the PBO notes... on budget transfers for a long period of time to withstand the effects of the pandemic and this may have
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Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct
EconomyMacroeconomyby 0.5 percent QoQ and services exports increased by 2.2 percent. Imports of goods dropped by 1.4... Finance Ministry estimates included in the final 2025 budget, the estimate for 2024 was revised slightly down to 2.2 pct and is seen at 2.3 pct for 2025. In the latest financial stability report
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomythat they had granted, along with Attica Bank, a medium-term syndicated bond loan of 2.2 billion euros.... This entails a total value for 100 percent of ADMIE at 1.33 billion. PPC held an extraordinary...’) existing contractual rights” deriving from the 2.2 billion syndicated loan since “through
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