Search
-
Newsletter 29 - 05/06/2015
come into effect in July 2015, to seal any gaps arising in the execution of the budget in the first... surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent... the solidarity levy rates for individuals whose annual income is between 30,000–50,000 euros by 2 percent
10% -
Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgramme. The 2016 budget voted on December 5 envisages a primary surplus of 0.53 percent of GDP for 2016... billion euros for 2016, with more than half stemming from revenue interventions. Although budget tax... cuts imposed in 2012 that would create a fiscal gap up to 2 percent of GDP (3.7 billion euros
10% -
Newsletter 123 - 16/06/2017
, while the surpluses from 2023 to 2060 would have to be “equal to or above but close to” 2 percent... said that around 2 billion dollars would be made available for Greece, but on hold until the Fund... administrative and support (+7.3 percent). 2 Five-month primary surplus beats target The figure came in 792
10% -
Greek household expenditure falls by another 2.5 pct in 2016
Societyto the Hellenic Statistical Authority’ (ELSTAT) latest household budget survey. The survey was conducted... to 1,392.03 euros, down by 2 percent or 28.97 euros compared to 2015’s figure. The average expenditure per month per person came to 538.94 euros in 2016, down by 2 percent or 11.24 euros compared to 2015
10% -
Newsletter 175 -21/09/2018
. The issue looks set to be decided by November, before Athens has to submit its 2019 budget to Greek Parliament at the end of the month. This means that the draft 2019 budget due to be tabled to the House... the responsibility for collecting this tax to the local government from 2021. He said that the 2 billion euros
10% -
FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomyMinistry presented in the draft budget this week an alternative scenario consisting of a significantly.... The issue of savings worth 2 percent of GDP for the post-programme period was pivotal.... As such, the IMF argued that this required additional savings of 2 percent of GDP, which would come from 1
10% -
EU's temporary framework for state aid in response to Covid-19 outbreak
Legalwith an estimated budget, and will not benefit from the temporary framework if it is granted... insurance. 2. Subsidized Guarantees for Bank Loans One of the most important instruments under... exception under Article 107(2)(b). 5. Short-term export credit insurance The Temporary Framework
10% -
Newsletter 302 - 18/06/2021
cost the pandemic had on the Greek budget, with a total of 33 billion euros of support committed... the budget is expected to have a small primary deficit of 0.5 pct of GDP, before returning to primary surpluses of 2 pct, 2.8 pct and 3.7 pct of GDP in 2023, 2024 and 2025 respectively. These translate
10% -
Newsletter 313 - 22/10/2021
, as they did in the latest budget data for September that beat the target by more than 900 million euros... in the region of 2 pct of GDP up to 2060. The Finance Ministry was also kept busy this week in the push... decade growth will be 2 pct, with Greece needing more than 3 pct to converge towards the eurozone
10% -
Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomygrowth estimate in the final budget for 2022. Harmonized inflation is also significantly revised... inflation is 2 percentage points above the latest estimates, and a benign one where inflation..., the ministry revises the primary deficit upwards to 2 pct of GDP, from 1.4 pct before
10%