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Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation

EconomyMacroeconomy 03/05/2017 - 10:24

to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report... it is sustainable and did not result from a growing economy. Pressure on the budget over the medium and long

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Budget primary surplus confirmed at 1.85 bln in January

EconomyMacroeconomy 26/02/2018 - 16:23

The budget primary balance was confirmed at a surplus of 1.85 billion euros in the first month of 2018, beating the forecast by 1.13 billion euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Monday. The driving factor was a combination of a fall in expenditure and a rise

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As budget talks drag on, parties focus on inflicting damage via graft claims

PoliticsGreek Politics 26/10/2018 - 15:45

not lead to a firm decision regarding the 2019 draft budget that Greece submitted to the European... that the European Commission has not made any objections to the draft budget. Given, though, that talks

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Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget

EconomyProgramme 05/11/2018 - 09:46

All 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

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Budget primary surplus beats Jan target by 706 mln on significant underspend

EconomyMacroeconomy 18/02/2019 - 11:24

Greece’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.

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Budget primary balance confirmed at 729 mln in January

EconomyMacroeconomy 27/02/2019 - 11:11

The 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

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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts

EconomyMacroeconomy 16/10/2019 - 09:56

The 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

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Brussels gives Athens thumbs-up for reforms and budget

EconomyProgramme 20/11/2019 - 15:49

, 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.

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Greece braces for deeper Covid-19 impact on economy, budget and public debt

Economy 13/04/2020 - 11:56

The 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

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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact

EconomyMacroeconomy 14/04/2020 - 16:36

. 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

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