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  1. Inflation to persist, creating more economic policy challenges

    EconomyMacroeconomy

    expected to bring in roughly 2.2 billion euros more revenues, with 1.6 billion euros seen coming from VAT. Although there are constraints on what the government can do fiscally this year

    6%
  2. Imminent end for enhanced surveillance offers boost to beleaguered govt
    Photo by EC - Audiovisual Service

    PoliticsGreek Politics

    are content to wave through roughly 2.2 billion euros in what could be considered voter-friendly measures... for public sector incomes and extending certain lower VAT rates. Naftemporiki reported on Monday

    6%
  3. Govt counts cost of own energy package as hopes of coordinated EU response fade
    Photo via https://flic.kr/p/2jr5z2o

    PoliticsGreek Politics

    . The measures are equivalent to 2.2 pct of GDP, compared to 0.5 pct of GDP for 2021. There have also... groups, and a VAT cut on basic foodstuffs. The latter has been a red line for the Finance Ministry

    6%
  4. Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    , mostly led by VAT. Income taxes will also outperform this year, up by 1.2 billion euros, thanks... of GDP, or 3.58 billion euros, which is improved on the target of 2.2 pct of GDP. The total deficit

    6%
  5. Newsletter 403 - 24/11/2023

    Newsletters

    will also double in growth to 4.6 pct, from 2.2 pct this year. Inflation is also seen moderating... billion euros, up from 33.7 billion euros. VAT has the lion’s share with 24.38 billion euros in 2024

    6%
  6. Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    its time in office. Growth for this year is seen at 2.2 pct, when the 2024 budget had assumed... billion in 2024, with taxes rising to 68.72 billion euros, from 66.25 billion this year. VAT will rise

    6%
  7. Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    income growth, these factors are projected to sustain GDP growth at 2.3 pct in 2025 and 2.2 pct in 2026... evasion and undeclared work—such as the digital labour card and enhanced VAT reporting. In 2025

    6%
  8. OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
    Photo via http://www.oecd.org/

    EconomyMacroeconomy

    primary fiscal surpluses of 2.1 pct and 2.2 pct of GDP are seen for 2025 and 2026, respectively..., particularly reduced VAT rates that benefit higher-income households, could create fiscal space for targeted

    6%
  9. Primary balance up to July confirmed at 7.94 bln due to underspend, tax revenues

    EconomyMacroeconomy

    , which was signed on March 29 last year. VAT revenues amounted to 15.7 billion, 357 million above... expenditure came to 4.43 billion euros, 18 million below target. Overall, the PIB is in a roughly 2.2 billion

    6%
  10. Mitsotakis makes new bid to break deadlock with farmers as govt ponders relief measures
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    tariffs and the provision of untaxed diesel fuel, exempt from VAT on the discount. These measures, he... parties register modest support: MeRA25 (2.7 pct), Movement for Democracy (2.2), Voice of Reason (2.1

    6%