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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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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyis lower than the 2.2 percent expected in the spring forecasts published in May, compared to a 2... in the draft budget estimate growth will reach 2.8 percent next year, mostly led by a substantial rise in investment spending. In spring, the EC expected the Greek economy to grow by 2.2 percent
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyjust short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019..., slightly under the MoF’s final budget forecast of 4.9 percent. Imports of goods and services rose by 2.5... marks the fourth consecutive year of positive GDP growth. According to the MoF’s 2020 budget, Greece
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Newsletter 318 - 26/11/2021
the primary balance reaching 2.2 pct of GDP in 2024, and to remain at that level until 2060. Nominal GDP... percentage points against the baseline, and the refinancing yield is seen at 2.2 pct until the end.... In the final 2022 budget that was submitted last Friday and which is currently debated in Parliament
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Newsletter 329 - 25/02/2022
on the budget, but also appears sceptical about the impact of interventions that might not have an impact... will have to deliver a primary surplus next year of 1.5 pct of GDP and then secure an average 2.2 pct... year, a fiscal turnaround of close to 3 pct of GDP. According to the Finance Ministry’s budget
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Newsletter 335 - 15/04/2022
the ordinary budget. It was not until a couple of weeks ago that a more comprehensive package was announced, which is expected to affect the budget by roughly 700 million euros. The concerns... the baseline assumptions and on the fiscal side Greece is expected to keep a primary surplus of 2.2 pct
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
EconomyGreece’s budget execution showed a primary surplus of 707 million euros in the first half... to the final data released by the Ministry of Finance (MoF). The 6-month state budget deficit narrowed... in June from deficit of 340 to 520 million euros in the preceding three months. Similarly, the budget
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