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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomyThe Greek Finance Ministry tabled in Parliament on Monday the draft budget for 2026, which sees a stable growth trajectory and a strong budget performance led by tax revenues, notably indirect taxes. The draft budget slightly revises the growth estimate for this year to 2.2 pct, from 2.3 pct
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Budget balance up to May well above target as VAT brings in 650 mln more than planned
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.65 billion euros for May, compared to a surplus of 5.34 billion euros a year earlier, according to the final Finance Ministry (MoF) budget... the target. Expenditure, excluding interest payments and the public investment budget, came to 24 billion
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VAT and underspend drive budget outperformance in first six months
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.49 billion euros for June, compared to a surplus of 4.52 billion euros a year earlier, according to the final Finance Ministry (MoF) budget... the target. Expenditure, excluding interest payments and the public investment budget, came to 28.22
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Budget continues to perform strongly in July as VAT beats target by over 1 bln
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.77 billion euros for July, compared to a surplus of 7.94 billion euros a year earlier, according to the final Finance Ministry (MoF) budget... the target. Expenditure, excluding interest payments and the public investment budget, came to 35.44
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VAT continues to drive budget performance in Aug, at 1.21 bln above target
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 6.53 billion euros for August, compared to a surplus of 8.5 billion euros a year earlier, according to the final Finance Ministry (MoF) budget... the target. Expenditure, excluding interest payments and the public investment budget, came to 40.33
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Government tries to contain fallout from breach of voters' data
PoliticsGreek Politicsgiven the ongoing investigation into a potential data breach at the Interior Ministry. The MEP... Data Protection Authority, the Interior Ministry and a public prosecutor. It was also announced on Friday that Interior Ministry general secretary Michalis Stavrianoudakis and New Democracy’s secretary
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Investigations into voter email leak continue despite denials from government
PoliticsGreek Politicsof separate investigations by the Interior Ministry, a Greek prosecutor and the country’s Data...-Michelle Asimakopoulou from the upcoming EP elections and the resignation of a senior Interior... that the email list was leaked from the Interior Ministry during the tenure of the caretaker
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Greece lays out plans for debt relief from eurozone
EconomyProgrammewas reduced to Euribor plus 50 bps and currently stands at 0.84 percent. The cost of EFSF loans... 50 bps to 1 percent constant for the next 50 years could result in total savings of 25 billion...’s budget with less than 500 million due to its already very favourable interest rate. Alternative
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Greek debt: A case of learned helplessness?
AgoraEuribor plus 300 basis points and then added another 50 basis points as a handling fee. This just exacerbated the debt dynamics. The rates that were so punishing they pushed the budget’s interest payments... an additional path of escape via the SMP program, which exceeded 50 billion euros of the country’s debt
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgramme. The 2016 budget voted on December 5 envisages a primary surplus of 0.53 percent of GDP for 2016... billion euros for 2016, with more than half stemming from revenue interventions. Although budget tax... assets and ultimately maximise their value. The new fund would generate targeted revenues of 50 billion
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