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Draft budget for 2027 centred on strong surplus, selective support measures
EconomyMacroeconomyThe government tabled last Monday the draft budget for 2027 — an election year. The main components of the budget are in line with previous years, alongside a rather generous package of interventions... and uncertain sovereign bond markets, the budget’s most prominent number is that Greece in 2027 will continue
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Mitsotakis sworn in as prime minister as attention turns to Cabinet picks
PoliticsGreek Politicscreditors who already fear Tsipras’s pre-election giveaways have derailed the country’s budget. ND vice... Dendias are tipped to return to former posts at the Labour and Interior Ministries respectively... the Interior Ministry. Chrisochoidis appointed the ministry under former Prime Minister George
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Greek primary budget surplus to August narrows to 1.95 bln on lower revenues
EconomyGreece’s budget execution showed the primary surplus narrowing to 1.95 billion in the 8-month.... The 8-month budget deficit stood at 2.85 billion, more than 1 billion higher compared to that posted in the 7-month period. Despite the poorer revenue performance in August, the 8-month primary budget surplus
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Athens prepares final 2019 budget after green light to ditch pension cuts
EconomyProgrammeThe government is set to submit the final version of the 2019 budget to Parliament on Wednesday... now, it appears that there is nothing stopping Athens from ditching the measure when the budget... established,” he added. Final budget Unlike the draft version, the final budget will include only one
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Budget primary balance at 823 mln in Feb, beating target with help of higher revenues
EconomyMacroeconomyThe budget primary balance recorded a surplus of 823 million euros in the first two months of 2018...) preliminary budget execution bulletin showed on Friday. The primary surplus surpassed its target by 1.02 billion euros. State budget expenditure came to 8.97 billion euros, 569 million euros below
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) has followed the footsteps of the Fiscal Council by issuing its opinion on the draft budget that the government tabled last week. The PBO has some reservations about some aspects of the draft budget that lie outside the control of authorities. It also raises
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Budget primary surplus confirmed at 6.95 bln in Nov
EconomyMacroeconomyThe budget primary balance showed a surplus of 6.95 billion euros in the first 11 months of 2019, compared to a surplus of 4.75 billion noted in November 2018, the final Finance Ministry (MoF) budget... 2020 budget that the primary balance at the end of this year will stand at 4.40 billion euros
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April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
EconomyMacroeconomyThe budget primary balance recorded a deficit of 1.52 billion euros in the first four months...) budget execution bulletin for April showed on Monday. The primary surplus was below its target by 2.30.... For the same month last year, the primary surplus stood at 20 million euros. The budget balance in the first
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Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May
EconomyMacroeconomyThe budget primary balance recorded a deficit of 4.80 billion euros in the first five months of 2020, compared to a surplus of 916 million in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for May showed on Monday. May’s preliminary budget had been widely anticipated
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Budget primary shows deficit of 6.21 bln in April, falling below target as expenditure grows
EconomyMacroeconomyThe budget primary balance recorded a deficit of 6.21 billion euros in the first four month of 2021... Ministry (MoF) budget execution bulletin for April showed on Monday. The primary balance was below its target by 963 million euros. Expenditure excluding interest payments and the public investment budget
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