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July primary cash surplus at 6.75 bln as revenue rise outstrips expenditure
EconomyMacroeconomyto the same month last year, and came to 4.71 billion, representing a rise of 2.2 percent. Monthly... the arrears payments made in July, expenditure fell by 688 million euros. The Public Investment Budget... on a deficit of 47 million euros. The preliminary budget execution figures released by the Finance Ministry
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IMF outlines areas in which Greece needs further reforms, where it should apply caution
EconomyProgrammein 2019, up from 2.1 percent last year. Growth is seen slowing down to 2.2 percent next year and 1.6... that the minimum wage rise could have a negative effect on the budget as spending will increase because 24... euros in retroactive payment and an ongoing impact on the budget in the region of 0.2 percent
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturestax first introduced as an exceptional measure in 2011, currently ranging between 2.2 percent and 10... to rely on funding from elsewhere in the budget rather than redistributing the tax burden. SYRIZA.... With questions already being asked about the capacity of the budget to fund the 3 billion euros’ worth
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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... of their remarkable recent gains with the yield on benchmark 10-year bonds has settled around the 2.2 percent level
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Mitsotakis pledges more tax cuts in 2020 amid police violence claims
PoliticsGreek PoliticsWednesday night’s vote on the 2020 budget, which saw the economic plan approved by just the 158 New... bracket concerns those earning between 12,000 and 20,000 euros a year, who pay an extra 2.2 pct in tax... leader Alexis Tsipras raised the issue during the parliamentary debate on the 2020 budget on Wednesday
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PBO sees encouraging signs for economic and fiscal outlook
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) struck a rather positive note in its latest quarterly report... that upped its estimates for 2019 to 2.2 percent and marginally higher at 2.4 pct for 2020. The overall... “particularly encouraging,” reflecting the fiscal robustness of the Greek economy with the budget hitting
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Newsletter 280 -15/01/2020
, the state budget primary balance showed a fall of 21.03 billion euros, landing at a deficit of 13.75 billion euros. The budget primary balance for the same time last year came to a surplus of 7.28... the previous lowest reading of -2.2 percent seen in July 2015. The harmonised index of consumer prices
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PM reins in rush to re-open economy as vaccines proceed slowly
PoliticsGreek Politicson Wednesday that reopening the retail sector would save the budget 1.5 billion euros per month. Paring back.... Now it is up to the authorities to manage the available budget of 1.5 billion euros, which will not be expanded this time around. Round four reached 2.2 billion euros. Vaccines During his comments
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyhad a significant impact on budget developments as the ministry had to finance support measures running into May. The headline budget figure for 2021 has been revised down by 6 percentage points... Transformation 2.2 billion, Employment Skills 5.18 billion and Private Investment at 4.84 billion. The actual
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomy. Although the final budget for 2022 was debated in Parliament in December, the Finance Ministry had... in the capital, as the Greek media reports constantly. The 2022 budget assumes that a large part... expected to bring in roughly 2.2 billion euros more revenues, with 1.6 billion euros seen coming
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