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Newsletter 297 - 21/05/2021
on the plans that were included in this year’s final budget back in November, Greece is due... to the increase in the economically inactive population. Budget primary shows deficit of 6.21 bln in April Net... target by 963 million euros. The budget primary balance recorded a deficit of 6.21 billion euros
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Newsletter 333 - 01/04/2022
revealed that a supplementary budget will be tabled in Parliament shortly, allowing the authorities...-income households. Up to now, the budget has not been affected by the electricity bill subsidy... by emissions auctions. The recently announced package requires an ordinary budget contribution of 620
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Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomyGreece’s budget execution posted a primary surplus of 3.57 billion euros in the 11-month period, according to the Finance Ministry (MoF) final budget bulletin. This is 33 million euros higher than... of 880 million by October. Similarly, the 11-month budget deficit reached 1.83 billion, 706 million
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyGreece’s budget execution showed a deterioration in September, with the primary balance recording... in Public Investment Budget (PIB) expenditure to 607 million euros from a cumulative figure of less than... surplus of 3.08 billion implies a rise by 21.6 percent. In addition, the budget deficit continues
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyGreece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros... Ministry’s final budget bulletin. The year on year (YoY) improvement mostly reflects a rise in revenues... and an improvement in the Public Investment Budget (PIB) surplus by around 70 million. Compared to targets
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Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
EconomyMacroeconomyGreece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5... (MoF) preliminary budget execution bulletin displayed on Tuesday. Compared to target, the headline... of 1.06 billion. In addition, the Public Investment Budget (PIB) balance also came in 241 million above
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PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4. The report highlights that 2017 budget is expected to have a short-term recessionary impact on the economy, since expenditure cuts
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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomyFollowing the tabling of the 2017 budget in Parliament on Monday, the Greek Fiscal Council... budget, EFKA and ETEAP (unified fund for supplementary pensions) revenues are seen rising by 1.5... on consumption is directly linked to the optimistic macro assumptions of the budget, the Fiscal Council notes
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Athens and lenders search for budget compromise by Thursday's EWG
EconomyProgrammebudget, although the form that their agreement will take is a matter of some dispute. Prime... between Athens and the lenders will have to be approved by the powerful budget committee in the Bundestag... reported that the European Commission has asked for the budget of the housing scheme announced by Tsipras
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Budget primary surplus at 5.76 bln in October as expenditure drops
EconomyMacroeconomyThe budget primary balance recorded a surplus of 5.76 billion euros in the first ten months of 2019...) budget execution bulletin showed on Monday. The primary surplus surpassed its target by 3.44..., the current monthly primary balance’s surplus edged down by 0.5 percent. The budget balance in the first ten
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