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Budget
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EconomyMacroeconomy
PBO sees medium-term risks mounting, despite positive near-term outlook The Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter of the year, and notes the relative positive picture in the near-term, despite the uncertain times due to the energy crisis. However, it notes a series of challenges and risks in the medium-term.
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EconomyMacroeconomy
Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln The budget primary balance up to August 2022 came to a small surplus of 10 million euros, compared to a deficit of 6.38 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Friday.
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Economy
Finance Ministry costs new support package, but questions remain over electricity subsidies Finance Ministry officials held a press conference on Monday to provide additional details about the support package that Prime Minister Kyriakos Mitsotakis announced on Saturday at the Thessaloniki International Fair.
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EconomyMacroeconomy
VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul The budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros, compared to a deficit of 9.06 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
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PoliticsGreek Politics
Govt puts focus on handouts, migration to take heat off surveillance affair With the opposition intent on cornering Prime Minister Kyriakos Mitsotakis over his management of the intelligence service and the surveillance of politicians and journalists, the government is focussed on pulling together an economic package which it hopes will strike a chord with ordinary voters.
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EconomyMacroeconomy Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance The budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
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EconomyMacroeconomy
Final budget execution for June affirms solid revenues, driven by VAT and income tax The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy
Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy
High energy prices fuel uncertainty on fiscal front The energy crisis fuelled by the Ukraine conflict will dominate the attention of Finance Ministry officials in the coming months as uncertainty over supplies during the winter has been priced into natural gas prices, which have reached 160 euros/MWh, creating doubts about the cost of the latest energy subsidy scheme.
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EconomyMacroeconomy Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes The budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion euros, compared to a deficit of 8.14 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.