Search
-
Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget
EconomyProgrammeAll eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own... subsidy scheme are seen more as handouts, the report suggested. According to the draft budget
12% -
Budget primary surplus beats Jan target by 706 mln on significant underspend
EconomyMacroeconomyGreece’s Finance Ministry issued on Friday the first budget execution update for 2019, with the preliminary data showing that the primary surplus settled at 603 million euros, against a deficit... on the budget execution is expected on January 25.
12% -
Budget primary balance confirmed at 729 mln in January
EconomyMacroeconomyThe budget primary balance was confirmed at a primary surplus of 729 million euros in the first month of 2019, beating the forecast by 832 million euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Tuesday. In the same period last year, the primary surplus came to 1.80
12% -
Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomyThe government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International... as the January-September budget execution figures showed that there was a strong fiscal outperformance
12% -
Brussels gives Athens thumbs-up for reforms and budget
EconomyProgramme, the Commission also approved Greece’s draft budget as it complies with the post-programme fiscal commitment... the final budget in Parliament on Thursday. The vote is expected to be voted next month.
12% -
Greece braces for deeper Covid-19 impact on economy, budget and public debt
EconomyThe Finance Ministry is gradually accepting that the impact of Covid-19 in Greece will exact a heavy toll on the economy and the budget, with implications for the country’s public debt. Earlier... of the Finance Ministry budget by 5 billion euros. It is near certain that these support measures will need
12% -
IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomy. The crisis is set to deal a major blow to the budget, leading a deficit of -9 pct of GDP this year... admitted that only up to May the hit to the budget would reach 14 billion euros. This is before
12% -
Parties clash ahead of budget vote, govt looks to ease holiday lockdown for churches
PoliticsGreek PoliticsThe debate over the government’s economic response to the pandemic is expected to reach a crescendo on Tuesday as Parliament approaches its vote on next year’s budget. In the opening sessions, government ministers presented key sections of the budget and came in for aggressive questioning from
12% -
FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomyThe Finance Ministry submitted to Parliament on Monday the draft budget for 2022 in which Greece is seen leaving behind the impact of the pandemic. The nominal GDP is expected to recover above the pre-pandemic levels of 2019 and the budget paves the way for a narrowing of the excessive deficits
12% -
Draft 2022 budget represents first attempt to restore post-pandemic fiscal order
EconomyMacroeconomyof fiscal order returning based on the draft budget submitted to Parliament on Monday. Using the enhanced... will be trimmed substantially next year to just 2.9 billion euros. The draft budget outlines that revenues
12%