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Government pledges more reforms, but economy set to prove deciding factor in 2025
PoliticsGreek Politicsin Parapolitika weekly over the weekend, State Minister Akis Skertsos set out the government’s key aims... is to further increase the total incomes that are declared by Greeks to more than 175 billion euros.... This accounts for just 9 percent of total workers. The leading sector is financial services with average
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Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
EconomyMacroeconomythan 3 percent of the total figure for legacy debt. The collection of new tax debt (excluding non-tax..., which came to 12.63 billion. Roughly 82.7 percent of this year’s total (9.61 billion) originates... million. In October, tax debtors had shown a fall of over 96,000 individuals. The total for legacy tax
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A sudden turnaround that could lead to sharp shock
Agoraby a developed economy in modern times: 9.1 pct in 2011. A further 7.3 pct was lost in 2012. The cycle closed in 2013, with the economy contracting by 3.2 pct. By 2013 total Greek economic activity had... transport take the lion’s share of services receipts, representing more than 83 pct of total
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Corporate taxation, underspend lead to 3 bln primary surplus in March
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of close to 3 billion euros in March, compared to a surplus of 3.08 billion euros in the same month of 2023, according to the final Finance..., came to 11.46 billion euros. Net revenues came to 16.82 billion euros. The total budget balance
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Budget primary surplus at 3 bln in Feb as tax performance moderates
EconomyMacroeconomyThe budget primary balance produced a surplus of 3 billion euros up to February, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary.... The total budget balance up to February showed a surplus of 902 million euros, from a 709 million euros
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Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
EconomyMacroeconomythe target set in the 2022-2025 medium-term fiscal strategy (MTFS) by 825 million euros. Expenditure... by 729 million euros. Revenues State budget total revenues stood at 24.04 billion euros for the first
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Parties take another look at granting vote to Greek expats
Societyexistence as a modern state, the principle of full citizen rights for Greeks abroad has been espoused... for each country to set its own rules in accordance with their circumstances. The National... of up to 15 seats in Parliament (1/20 of the total), which are not attached to a geographical
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammegranted to farmers and people from areas affected by natural disasters, of which an estimated 3 billion... in the current year to implement its tax plans. The total abolition alone of the solidarity levy in 2021 would... to be able to deliver on its tax pledges, solid growth of close to 3 percent might be required
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomythat the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... year, the target has been set at 25 percent, with the year to date rate at just over half the target... a weak performance in July, yet they remain well below the annual targets. Those targets were set
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammesustainability, safeguarding financial stability, growth, competitiveness and investment and a modern state... of the special tax for sea-farers. 3) Implementation of measures for a reduction in the spending... a period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers
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