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Budget continued to outperform in Feb, delivering 3.4 bln primary surplus
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.4 billion euros in February, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday. In February... payments and the public investment budget, came to 7.53 billion euros. Net revenues were 12.67
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Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.38 billion euros in February, compared... (MoF) budget execution data released on Tuesday. In February, the budget primary balance outperformed by 1.4 billion euros. Expenditure, excluding interest payments and the public investment budget
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Newsletter 278 -14/12/2020
Budget adopted, recovery targeted Govt looking to investments and Covid-19 vaccine to underpin growth in 2019 Having secured the adoption of the 2021 budget in Parliament this week, the government... was passed with the votes of all its 158 MPs as all the opposition lawmakers voted against the budget
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Greece closes 2013 with 691 mln budget primary surplus despite late investment spend
EconomyMacroeconomyGreece’s 2013 budget execution showed a primary surplus of 691 million euros (0.4 percent of GDP... of Finance (MoF) on Tuesday. The state budget deficit narrowed 65.9 percent to 5.35 billion (2.9... and ANFA income of 2 billion, which is not incorporated in Greece’s 2013 fiscal targets under its Economic
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Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
EconomyMacroeconomyGreece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday. Following the tabling of the 2017 budget in Parliament last Monday, the Finance Ministry
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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Tuesday evening the final version of the 2018 budget, which the government hopes will be the last budget of the memorandum era as the current European... budget had included a forecast for 2.7 percent expansion. Following a substantial revision
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Budget primary balance dips to deficit of 1.51 bln in April on Covid-19 measures
EconomyMacroeconomyThe budget primary balance recorded a deficit of 1.51 billion euros in the first four months...) budget execution bulletin for April showed on Friday. The primary surplus was below its target... came to a deficit of 2 billion euros compared to a monthly deficit of 3376 million noted in March
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyThe Greek Finance Ministry (MoF) submitted the 2016 draft budget to Parliament on Monday evening... at 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure...) signed with the eurozone in mid-August. Budget revenues this year were downward adjusted by 1.82
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyGreece’s budget execution showed a deterioration in September, with the primary balance recording... in Public Investment Budget (PIB) expenditure to 607 million euros from a cumulative figure of less than... surplus of 3.08 billion implies a rise by 21.6 percent. In addition, the budget deficit continues
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Government readies up to 2 bln in assistance for shuttered firms and employees
Economysupport measures for the Greek economy, which will total roughly 2 billion euros. The measures... and processing tax refunds as soon as possible. Total state arrears stand at around 2 billion euros... too early to tell how big a hit the Greek economy, and subsequently the budget, will take from
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