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Newsletter 267 -02/10/2020
households. Low-income households also spend 33 percent of the family budget on food. For non-poor households,19.1 percent of the budget is spent on food. 2 Budget primary at deficit of 5.48 bln in August Primary surplus below its target by 6.67 billion euros The budget primary balance recorded a deficit
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Newsletter 308 - 17/09/2021
and Growth Pact and would have to deliver a balanced budget after deficits of close to 10 pct in 2020... secured the lenders’ approval so they can remain in place in next year’s budget. The costliest measure for the budget is the reduction of social insurance contributions by 3 percentage points
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Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
EconomyMacroeconomy2022 budget anticipates the debt-to-GDP ratio resuming a downward path. The Finance Ministry provided... purchase programme PEPP. The draft budget outlines more than 29 billion euros of ECB purchases of GGBs... and 1 billion euros and yields of 0.02 pct and 1.675 pct respectively. The draft budget also notes
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Newsletter 322 - 07/01/2022
tests 2022 budget from start as inflation also troublesWhen it was tabled in Parliament on November 19, the 2022 budget envisaged that the pandemic would mostly be left behind by the end of the first... from 2.9 billion euros seen in the draft budget in October due to expenditures affecting the ordinary
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Newsletter 325 - 28/01/2022
, the energy prices crisis, the Finance Ministry received some encouraging budget execution data... included in the draft budget for 2022 at the end of November by 2.62 billion euros. The total... against the initial estimates included in the 2021 budget, Greece finds itself way off its initial
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Newsletter 331 - 11/03/2022
in the budget for more relief measures. However, Greek hopes were dashed on both counts after the first day... budget, while the opposition has been pressing for more radical interventions. The publication... to meet the budget targets. The conflict in Ukraine has created a new landscape in the EU, with talks
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Newsletter 360 - 25/11/2022
on Monday the final budget for 2023 which, despite the global challenges, sees the Greek economy growing next year and the budget turns into a primary surplus. Meanwhile, consensus is building that the next... budget, with inflation also revised up to 5 pct, from 3 pct previously. The global uncertainty
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Tracking Greece's fiscal performance
Agorathat the original data are mostly cash outlays and expenditures in the budget, with some adjustments... a fiscal operation becomes effective and when the costs or revenues show up in the budget can cause... at the time when these have an economic impact (solid line in Figure 1), even if the budget cash impact
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Newsletter 363 - 16/12/2022
Staikouras presented the draft budget almost a month ago, the last of New Democracy’s current term, he described it as a historical and deeply symbolic moment, being the first budget in 12 years to be compiled outside an MoU or enhanced surveillance regime. The vote on the budget is due to take place
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Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov
EconomyMacroeconomyThe budget primary balance came to a surplus of 5.85 billion euros in November, compared to a deficit of 1.09 billion euros in the same period of 2022, according to the preliminary budget execution... investment budget, came to 45.57 billion euros. Net revenues were 59.19 billion euros. The budget
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