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  1. Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    of not allocated expenditure of 2.19 billion euros and 841 million euros of lower fixed asset... of revenues from workers’ lower insurance contributions. A similar grant to EFKA of 150 million euros due

    3%

  2. Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
    Photo by MacroPolis

    EconomyMacroeconomy

    support as transfers are lower by 2 billion euros. The Finance Ministry outlines the interventions... billion euros and lower loans related to the three adjustment programmes by 1 billion, to 254.77 billion

    3%

  3. Manufacturers facing headwinds as Nov PMI in contraction for fifth straight month
    Photo via https://flic.kr/p/vFAyry

    EconomyMacroeconomy

    also saw the seventh straight decline in purchasing activity due to lower demand and reduced need..., reports of lower prices for some inputs and easing supplier disruption could lead to softer rates

    3%

  4. Budget primary balance to Nov beats target by 1.15 bln as taxes outperform
    Photo by MacroPolis

    EconomyMacroeconomy

    and lower purchase of fixed assets by 399 million euros. Interest payments came to 4.59 billion... loss of revenues from workers’ lower insurance contributions. A similar grant to EFKA of 150

    3%

  5. Budget primary deficit ends 2022 at 6.68 bln, from 10.33 bln in 2021
    Photo by MacroPolis

    EconomyMacroeconomy

    and services under-executed and lower public investment budget spend by 618 million. Interest payments... of revenues from workers’ lower insurance contributions. A similar grant to EFKA of 372 million euros due

    3%

  6. Higher VAT and income tax takes, with limited spending help budget beat targets in Mar
    Photo by MacroPolis

    EconomyMacroeconomy

    , 417 million higher than the target. Excise tax revenues were 1.52 billion, 34 million lower the target. Property tax revenues amounted to 282 million, 67 million lower than the target. Income tax

    3%

  7. VAT and income taxes drive revenue and budget outperformance in April
    Photo by MacroPolis

    EconomyMacroeconomy

    , 481 million higher than the target. Excise tax revenues were 2.02 billion, 80 million lower the target. Property tax revenues amounted to 353 million, 42 million lower than the target. Income tax

    3%

  8. Newsletter 390 - 21/07/2023

    Newsletters

    lower tax rates, abolishing the trade tax and lower social insurance contributions are costly

    3%

  9. Workers lost almost 9 pct of real income last year, research shows
    By Panayotis Tzamaros/Fosphotos

    Society

    at close to 6 pct. As expected, lower incomes suffer the most from property and social exclusion, close to 75 pct in the lower 20 pct of income, and just short of 40 pct for the next 20 pct

    3%

  10. Moody's ups GGB rating by two notches, on par with S&P and Fitch
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    pct of GDP in the coming years, in line with the commitment to continue pushing debt-to-GDP lower... strength and lower liquidity risks over the coming years. Sticking to the reforms path

    3%