Tags
Budget
RSS-
EconomyMacroeconomy
Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year The budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
-
EconomyMacroeconomy
Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth Amidst growing concerns about the impact of the latest pandemic wave and ongoing pressures on the inflation front, led by energy prices, the Finance Ministry tabled a revised final budget for 2022 in which most macro variables and assumptions are improved compared to the draft tabled at the start of October.
-
EconomyMacroeconomy
Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT The budget primary balance up to October landed at a deficit of 7.2 billion euros, compared with a deficit of 9.07 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
-
EconomyFeatures
Discussion over PEPP, SGP draw attention to rising yields The Greek sovereign debt market has enjoyed a buoyant period, largely thanks to the participation of the GGBs in the ECB’s emergency asset purchase of the pandemic codenamed PEPP, which pushed borrowing costs for the Greek state to historic lows.
-
EconomyMacroeconomy
Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln The budget primary balance was confirmed at a deficit of 5.96 billion euros in the first nine months of 2021, compared with a deficit of 7 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
-
EconomyMacroeconomy
Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln The budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Friday.
-
EconomyMacroeconomy
IMF maintains cautious view on public finances, sees debt declining slowly Within the context of its Fiscal Monitor, the International Monetary Fund released its latest fiscal estimates for Greece, taking a traditionally more conservative view on the country’s public finances.
-
EconomyMacroeconomy![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term The International Monetary Fund, within the regular cycle of its World Economic Outlook (WEO) publication, was the latest international organisation to adopt a more optimistic view about Greece’s growth this year.
-
EconomyMacroeconomy
Draft 2022 budget represents first attempt to restore post-pandemic fiscal order Following two years during which Greece was allowed, thanks to the SGP escape clause, to run substantial deficits to protect its economy from the impact of the pandemic, 2022 sees some sense of fiscal order returning based on the draft budget submitted to Parliament on Monday.
-
EconomyMacroeconomy
Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP Following two years during which the pandemic forced the Greek authorities to provide extensive support packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft 2022 budget anticipates the debt-to-GDP ratio resuming a downward path.