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Budget primary deficit at 1.13 bln in Nov as taxes continue to outperform
EconomyMacroeconomyThe budget primary balance up to November 2022 came to a deficit of 1.13 billion euros, compared... Ministry (MoF) budget execution data released on Thursday. As is the standard practice, once the final budget for the next year is submitted, the targets for the running year are revised. This means
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Strong start to budget execution in 2024 as Jan brings 2.12 bln primary surplus
EconomyMacroeconomyThe budget primary balance started the new year strongly with a surplus of 2.12 billion euros in January, according to the preliminary budget execution data released by the Finance Ministry (MoF.... Expenditure, excluding interest payments and the public investment budget, came to 3.58 billion euros. Net
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State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
EconomyMacroeconomyGreece’s budget execution showed the primary surplus widening to 2.28 billion in the 7-month period... instalment of income tax, which was due by the end of July. The 7-month state budget deficit stood at 1.73... surplus is lower by 10.7 percent, while the budget deficit has narrowed by 10.1 percent. However
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomyGreece’s budget primary surplus significantly improved to 3.8 billion in the 8-month period of 2015 from 1.95 billion last year, the Finance Ministry (MoF) final budget data displayed on Thursday... (by 250 million) as well as higher Public Investment Budget (PIB) balance (by 1.44 billion) more
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Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
EconomyMacroeconomyits time in office. Growth for this year is seen at 2.2 pct, when the 2024 budget had assumed...The draft budget for 2025 was tabled in Parliament on Monday, with the main parameters in line..., nowhere near the 15.1 pct growth that was initially forecast in the 2024 budget. Private
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economyto the 2016 draft budget tabled on October 5, the Finance Ministry expects SSFs to record a cash primary... contributions, increased main pension expenditure by 167 million compared to last year’s budget... included in the 2016 budget relates to the implementation of the Council of State decision that ruled
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Newsletter 229 -22/11/2019
budget is tabled Completing the fourth enhanced surveillance review proved smooth sailing for the Greek... Greece’s draft budget as it complies with the post-programme fiscal commitment of a primary surplus... fiscal targets of 3.5 percent of GDP up to 2022 and averaging 2.2 percent after that. It also envisages
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammestable. On the revenue front, the 2016 budget includes measures of 2.2 billion euros in 2016 to meet... to plug a gap of 600 million euros on the pension front and collect revenues of 2.2 billion from... savings of 1 percent of GDP for 2016. In the 2016 budget, the Finance Ministry (MoF) adopted those cost
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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2024, with Greece seen... in the 2023 draft budget. Private consumption is expected to rise by a modest 1.6 pct, after a rise... pct in 2023. Exports of goods and services growth is expected to accelerate to 6.3 pct, from 2.2 pct
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Jan budget execution impacted by unplanned pandemic spending and snowstorm
EconomyMacroeconomyThe budget primary balance for the first month of 2022 came to a small surplus of 17 million euros... to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance is well... investment budget, came to 3.11 billion euros. Net revenues came to 3.86 billion euros, below target
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