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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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Feb budget primary surplus confirmed at 840 mln, as revenues overperform
EconomyMacroeconomyThe budget primary balance for the first two months of 2022 was confirmed to be a surplus of 840... to the final Finance Ministry (MoF) budget execution data released on Monday. The primary balance... and the public investment budget, came to 6.67 billion euros. Net revenues reached 8.85 billion euros, below
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March budget primary balance short of target, but taxes continue to overperform
EconomyMacroeconomyThe budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros... Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance was below... budget, came to 11.7 billion euros. Net revenues reached 11.96 billion euros, below the target by 1.35
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Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
EconomyMacroeconomyThe budget primary balance for the first four months of 2022 was confirmed at a deficit of 799... to the final Finance Ministry (MoF) budget execution data released on Wednesday. The primary balance... investment budget, came to 15.92 billion euros. Net revenues reached 17.69 billion euros, above the target
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Final budget execution for June affirms solid revenues, driven by VAT and income tax
EconomyMacroeconomyThe budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros... Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat the target by 1.47 billion euros. Expenditure, excluding interest payments and the public investment budget, came
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VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
EconomyMacroeconomyThe budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros... Finance Ministry (MoF) budget execution data released on Thursday. The primary balance beat the target by 4.65 billion euros. Expenditure, excluding interest payments and the public investment budget
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Surveillance and Qatargate threaten to overshadow budget debate
PoliticsGreek PoliticsThe scheduled debate over next year’s budget kicks off today with political parties distracted... Staikouras presented the draft budget three weeks ago, the last of New Democracy’s current term, he described it as a historical and deeply symbolic moment, being the first budget in 12 years
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Budget marks return of trust, argues Mitsotakis
PoliticsGreek PoliticsThe 2024 budget was passed through Parliament yesterday with the votes of the 158 New Democracy MPs... the country as well as abroad. The budget foresees growth of 2.9 pct next year, supported by a 15.1 pct... that this was the first budget in 14 years to be submitted while Greek debt had an investment grade
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 2 percent for 2016. However, the government's baseline scenario projected a marginal primary... to be covered, the government proposed thirteen “parametric” measures worth 2 billion euros for 2015 (1.1 percent of GDP and 3.58 billion for 2016 (2 percent of GDP). On top of that, eight “administrative
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsour creditors; the Greek government takes no action that threatens to derail the existing budget... agreement that during this period the Greek state will be funded under a minimalist menu that solves
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