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Final budget data for 2024 affirms solid surplus due to strong revenues, 2.75 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.7 billion euros in December..., according to the final Finance Ministry (MoF) budget execution data released on Monday. For 2024, the budget primary balance outperformed by 4.06 billion euros of the revised targets post final 2025
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Strong income tax revenues and contained spending maintain budget outperformance in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared... Ministry (MoF) budget execution data released on Wednesday. In the period, the budget primary balance... and the public investment budget, came to 20.98 billion euros. Net revenues came to 28.97 billion euros
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Budget underspend carries on in Oct as taxes continue to outperform
EconomyMacroeconomyThe budget primary balance produced a surplus of 10.3 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary... and the public investment budget, came to 44.28 billion euros. Net revenues were 60.96 billion euros
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Newsletter 154 -9/03/2018
came in below the Ministry of Finance’s (MoF) final budget estimate of 1.6 percent. The figure... percent. The MoF’s final budget for 2018 had anticipated exports of goods and services to rise by 6.9... the MoF’s own forecasts, following a substantial revision in the draft budget, the Ministry of Finance
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Newsletter 223 -11/10/2019
Budget negotiations continue Athens still in talks with institutions on 2020 fiscal gap amid excess...’s draft budget as the two sides try to ensure that there is no danger of a fiscal gap appearing... in the final version of the budget. The economic plan includes tax relief and spending measures worth 1.2
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Newsletter 254 -19/06/2020
. Mitsotakis also announced a number of targeted measures proposed by the government, including a 100... Investment Budget (PIB) balance came to a deficit of 638 million euros, deepening notably from the deficit for last year which stood at 331 million. Budget primary deficit widens to 4.80 bln in May
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Newsletter 360 - 25/11/2022
on Monday the final budget for 2023 which, despite the global challenges, sees the Greek economy growing next year and the budget turns into a primary surplus. Meanwhile, consensus is building that the next... budget, with inflation also revised up to 5 pct, from 3 pct previously. The global uncertainty
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Significantly contained spending pushes July primary surplus 4.36 bln above target
EconomyMacroeconomyThe budget primary balance produced a surplus of 7.96 billion euros up to July, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary... and the public investment budget, came to 30.38 billion euros. Net revenues were 42.86 billion euros
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Asking Greece to stack more austerity measures ignores past failings
Agorain the first quarter of 2016. Yet, the budget execution of that year missed the primary surplus... was too late to act, it submitted a budget that intended to cut the deficit by 3.6 percentage points... on the memorandum with the troika, Greece tabled a 2011 budget that had an additional 9.2 billion in measures
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Newsletter 135 - 13/10/2017
of GDP this year and 2.2 percent in 2018, hitting the programme target of 3.5 percent of GDP in 2019... is included in Greece’s draft budget. The IMF’s tax revenue projections also differ by about a third... jumped from 5.1 billion in June to 6.03 billion in August. In the draft budget tabled last week
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