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Budget primary surplus reaches 1.78 bln in July, almost double target
EconomyMacroeconomyThe budget primary surplus reached 1.78 billion euros in the first seven months of 2019, compared to a surplus of 926 million in the same period last year, preliminary budget execution data from... by 2.15 billion euros. The overall budget balance up to July recorded a deficit of 1.85 billion euros
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgramme. The Finance Ministry has been working on the draft 2020 budget, which it has to submit to the European..., been collected so far. The government has already pointed out to the local media that budget revenues... spending review will lead to savings on the expenditure side of the 2020 budget, creating some fiscal
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ND sees budget as evidence of pledges being kept, SYRIZA highlights flaws
PoliticsGreek PoliticsHaving submitted to Parliament on Monday the draft 2020 budget, including the tax cuts pledged... domestic political issues. New Democracy presented the draft budget as further evidence that the government... month. They were squeezed into the budget after the Finance Ministry suggested that equivalent fiscal
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Despite ongoing budget talks, ND eyes more relief measures in coming months
PoliticsGreek PoliticsEven though negotiations between Athens and the institutions regarding next year’s budget...’s budget as New Democracy decided to focus on lowering income and corporate taxes. In a speech... the draft budget is submitted to the European Commission on October 15. The issue is expected
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Budget primary balance at 498 mln in Jan as net revenues fall short of target
EconomyMacroeconomyThe budget primary balance came to a primary surplus of 498 million euros in the first month of 2020, below target by 771 million euros, the Finance Ministry (MoF) preliminary budget execution... the release of the final budget execution bulletin due on February 25. Expenditure Expenditure came
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Mitsotakis in bid to "square the circle" in EU budget negotiations
PoliticsGreek Politicsin a special summit of European leaders aimed at reaching agreement on the EU’s seven-year budget for period... as “squaring the circle” between what looks set to be a shrunken budget and Greece’s stated aim to keep its... dissatisfaction with the allocation of funds within the budget, and in particular the reduction in funding
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek... due to the pandemic. The draft budget also sees a bridging of the gap on the fiscal front, which... the pandemic’s impact. Despite the high degree of uncertainty, if these draft budget assumptions
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Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion
PoliticsGreek Politicsposed by the second coronavirus wave, the Finance Ministry is busy re-writing the budget to account... that it is protecting public safety and has a chance to portray its opponents as reactionaries. Draft budget Away from the political coalface, the Finance Ministry is working on the budget for 2021, which is due
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomyalarm, Finance Minister Christos Staikouras tabled to Parliament on Friday the final 2021 budget... and next. The recession of 2020 is now revised to 10.5 pct, from 8.2 pct in the draft budget, mostly... of public spending by 2.1 pct. Compared to the draft budget, private consumption was expected -6 pct
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Budget passed as govt pins hopes on vaccine rollout to get economy on track
PoliticsGreek PoliticsThe 2021 budget was passed through Parliament on Tuesday night after five days of intense debate... with the votes of all its 158 MPs as all the opposition lawmakers voted against the budget, as expected. Prime Minister Kyriakos Mitsotakis described the budget as “clear and honest”. He highlighted
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