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Budget
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Economy
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+' Fitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable.
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EconomyMacroeconomy
Final budget execution for Dec confirms primary deficit beat target by 1.85 bln The budget primary balance for the year 2022 came to a deficit of 6.65 billion euros, compared to a deficit of 10.33 billion euros during 2021, according to the final Finance Ministry (MoF) budget execution data for December released on Wednesday.
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EconomyMacroeconomy
Budget primary deficit ends 2022 at 6.68 bln, from 10.33 bln in 2021 The budget primary balance up to December 2022 came to a deficit of 6.68 billion euros, compared to a deficit of 10.33 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
Budget primary balance to Nov beats target by 1.15 bln as taxes outperform The budget primary balance for the eleven months of 2022 came to a deficit of 1.09 billion euros, compared to a deficit of 7.88 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
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EconomyMacroeconomy
PBO sees economy making soft landing, but facing challenges ahead The Parliamentary Budget Office (PBO) released its latest quarterly report on Tuesday, which highlights some of the concerns for the coming year despite notable progress on the fiscal and economic front this year.
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EconomyMacroeconomy
Budget primary deficit at 1.13 bln in Nov as taxes continue to outperform The budget primary balance up to November 2022 came to a deficit of 1.13 billion euros, compared to a deficit of 7.89 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.
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EconomyMacroeconomy
Final budget for Oct affirms new targets and tax outperformance The budget primary balance for the ten months of 2022 came to a deficit of 350 million euros, compared to a deficit of 7.18 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Friday.
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EconomyMacroeconomy
Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023 The Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite the global challenges - sees Greece outperforming EU peers and avoiding a recession, while also delivering a primary surplus.
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EconomyMacroeconomy
Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln The budget primary balance up to October 2022 came to a small deficit of 349 million euros, compared to a deficit of 7.18 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
EC cuts 2023 growth forecast by more than half to 1 pct In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.