Search
-
Government opts for modest tax relief, but who will benefit?
EconomyFeaturesin the accompanying report to the 2020 budget and they appear significantly lower, totalling 1.2 billion euros... to be approved in the context of the regular annual budget and the country’s debt relief agreement... ranging between 2 percent and 10 percent, resulting in actual marginal rates between 31 and 55 percent
9% -
IMF expects difficult year for public finances, PBO highlights impact on labour force
EconomyMacroeconomyfor Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook... as the pandemic will hit economic activity and budget intakes. Expenditure will jump from just 47.9 pct... to roughly 195 pct of GDP, reflecting a big denominator effect. The Parliamentary Budget Office (PBO
9% -
Newsletter 272 -06/11/2020
are reflected on the budget. The Commission sees a headline deficit of 7 pct of GDP... the temporary measures that the authorities included in the draft budget of 2021, worth 1.1 pct of GDP... of a second lockdown is leading the government to rethink its 2021 budget, along with announcing a new set
9% -
Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek Politicsinflation, even as fuel approaches 2 euros per litre and heating oil is up 38 pct year-on-year.... There is now a real possibility that the government will have to dip into the state budget to provide... of more public debt. The country also ran up primary budget deficits of 9.5 and 7.1 pct of GDP over
9% -
Newsletter 329 - 25/02/2022
on the budget, but also appears sceptical about the impact of interventions that might not have an impact... year, a fiscal turnaround of close to 3 pct of GDP. According to the Finance Ministry’s budget... to subsidise energy bills has already reached 2 billion euros. The situation in Ukraine has created
9% -
Govt mulls more tools against inflation as cost of living set to soar
PoliticsGreek Politics. The government is running out of fiscal space for further support measures. A revision of the budget expected... in the original budget, tourism revenues reduced by at least 5 pct on 2019 levels, and growth one percentage point below the original 4.5 pct. Around 2 billion euros have been earmarked for energy
9% -
Electricity price shock, pressure on phone-tapping take shine off surveillance exit
PoliticsGreek Politics. This will require a hefty contribution from the state budget as it is almost certain that the dedicated... euros/KWh from the suppliers’ 0.68-0.78 euros/KWh. Overall, the impact on the state budget has been revised from the original estimate of 850 mln euros until the end of the year to 2 bln euros, with most
9% -
Speculation over polls heats up as parties battle over cost-of-living measures
PoliticsGreek PoliticsOrthodox Easter on April 16 and university entry exams starting on June 2. It is also complicated... budget. The government is not hiding its hope that negotiations in Brussels will deliver a substantial EU... as they could impact growth, inflation and borrowing costs. Some relief for the budget came from
9% -
Government dampens expectations for handouts in PM's speech
PoliticsGreek Politicsto set aside between 1.5 and 2 billion euros to allocate to taxpayers via various assistance packages... primary surplus target of 0.7 pct of GDP will be put at risk. The point is also made that the budget... of the year, when there is a clearer picture regarding the final budget execution data for 2023, which
9% -
Several obstacles on narrow fiscal path to new tax cuts
EconomyMacroeconomypress that after a successful 2024 that brought in an additional 2 billion euros from tackling tax... tax also for companies. The budget ended 2024 with another outperformance which affirms the solid.... The primary surplus came to 3 pct of GDP, from 2.5 pct initially expected and the budget was essentially
9%