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Final budget for Oct affirms new targets and tax outperformance
EconomyMacroeconomyThe budget primary balance for the ten months of 2022 came to a deficit of 350 million euros... Finance Ministry (MoF) budget execution data released on Friday. 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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Budget continued to outperform in Feb, delivering 3.4 bln primary surplus
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.4 billion euros in February, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday. In February... payments and the public investment budget, came to 7.53 billion euros. Net revenues were 12.67
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Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.38 billion euros in February, compared... (MoF) budget execution data released on Tuesday. In February, the budget primary balance outperformed by 1.4 billion euros. Expenditure, excluding interest payments and the public investment budget
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Greece on way to 2013 primary surplus as budget outperformed targets by 3.85bn euros to August
Economy, with the latter being significantly boosted by cumulative Public Investment Budget (PIB) revenues of 2.2 billion. Moreover, a Jan-Aug primary surplus of 1.36 billion and a budget deficit of 4.0 billion...The budget execution to August showed revenues outperforming monthly targets by 400 million euros
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EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
EconomyGreece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter..., according to the preliminary data released by the Ministry of Finance (MoF). The state budget balance... of 487 million to February. Nevertheless, this year’s budget deficit has narrowed by 69 percent from
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyGreece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more... budget bulletin released on Thursday. Note that the preliminary budget figures were published a week ago...) and higher Public Investment Budget (PIB) balance (by 1.11 billion) more than offsetting a revenue gap
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget... by 790 and higher Public Investment Budget (PIB) surplus by 150 million almost offset by the lack
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Budget primary surplus at 7.61 bln in November as expenditure curtailed
EconomyMacroeconomyThe budget primary balance came to a surplus of 7.61 billion euros in the first eleven months of 2018, according to the preliminary budget execution bulletin for November published by the Finance... in the previous month. The balance a year ago showed a deficit of 683 million euros. The budget balance
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VAT and income tax drive budget performance in Jun, interest bill above target by 741 mln
EconomyMacroeconomyThe budget primary balance in June was confirmed to be a surplus of 2.12 billion euros, compared... (MoF) budget execution data released on Tuesday. In the first half of the year, the budget outperformed by 2.53 billion euros. Expenditure, excluding interest payments and the public investment budget
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Newsletter 168 -29/06/2018
, with the target decreasing gradually by 0.5 percentage points per year to level off at 2.2 percent... in 2030 and below 100 to 96.4 percent in 2060. Gross financing needs (GFN) are expected to strongly...-term, while the debt stock to GDP falls below 100 percent by 2060. The European Commission also
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