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Newsletter 214 -12/07/2019
the 2020 budget, starting in September. With so much in his inbox — including the perennial problem... to reduce the primary surplus for 2021 and 2022 as the 2020 budget will have to be drafted... after it dipped below 2 percent just before the election. 2 Unemployment falls to 17.6 pct in April
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Public sector capital stock in Greece and the Euro-19
Agoracapital stock have been done for OECD countries and a number of emerging and developing countries.[2... countries are challenged in managing the capital budget and preventing corrupt abuse. Good capital... in the budget. Balance sheet capital stock. When we want to assess the efficiency of capital
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Underwhelming GDP highlights investment falling short of mark
EconomyMacroeconomy, as the momentum from the pandemic recovery started to ease, GDP recorded growth rates of 2 pct, 2.7.... In the final budget for 2023, the Finance Ministry expected fixed capital formation to grow by 15 pct in 2023, largely assisted by the benefits of the RRF on the public investment budget and credit expansion
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Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
Economyto maintain primary budget surpluses of 2–2.5 pct of GDP through the medium term. Greece has also... maintained a strong policy stance, generating substantial primary budget surpluses. Moreover... digitalisation strategy. In 2024 alone, anti-evasion measures yielded an extra 2 billion euros in tax revenue
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Macroeconomic fundamentals for Greece
Agora. Figure 2 shows that these efforts are yielding some success. The number of inactive people... with Figure 2 above, the participation rate is assumed to increase from around 51 percent of the WAP... growth rebound after the Corona pandemic. As Table 2 demonstrates, because of unusual shocks
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Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row
EconomyThe budget execution to September showed revenues beating monthly targets by 339 million euros... significantly boosted by cumulative Public Investment Budget (PIB) revenues of 2.2 billion. Nevertheless, a Jan-Sep primary surplus of 1.13 billion and a budget deficit of 4.16 billion widened target
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammeby the Finance Ministry sees GDP growth halved to 1.4 percent from the 2.9 percent growth seen in the budget... to the 22.6 percent in the budget, falling to 21.1 percent in 2016. 2015 is expected to be another deflationary year, with harmonised consumer price index at -0.5 percent (compared to 0.3 percent in 2015 budget
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyGreece’s budget primary surplus significantly widened to 3.53 billion euros in the 7-month period... budget bulletin published on Thursday. This means that the primary surplus in July reached 1.65 billion... that was not collected 2) Extension of submission of personal income tax (PIT) declarations that led to a delay
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the budget execution that has to be cut and ascertains the fiscal impact from a potential slower growth... government budget execution. If there is a divergence from the target between 0.26 and 0.75 percent... 1.5 percent and if the programme is off track by 1.76 to 2.25 percent then 2 percent of new cuts
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Newsletter 145
legislation through Parliament. This week it was the 2018 budget and numerous amendments, while... to complete as part of the third review. The budget received 153 votes on Tuesday night. This tallies... budget of Greece’s bailout era and focussed mostly on what he promised will be better days ahead. New
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