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Budget
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EconomyMacroeconomy
Timing factors, underspend lead to budget outperformance of 4.54 bln in 2023 The budget primary balance came to a surplus of 3.69 billion euros for the full year in December, compared to a deficit of 6.65 billion euros in 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
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EconomyMacroeconomy
Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution The budget primary balance in November was confirmed at a surplus of 5.83 billion euros, compared to a deficit of 1.09 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
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EconomyMacroeconomy Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov The budget primary balance came to a surplus of 5.85 billion euros in November, compared to a deficit of 1.09 billion euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
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PoliticsGreek Politics
Budget marks return of trust, argues Mitsotakis The 2024 budget was passed through Parliament yesterday with the votes of the 158 New Democracy MPs, and Prime Minister Kyriakos Mitsotakis claiming that his government has rebuilt trust within the country as well as abroad.
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EconomyMacroeconomy
Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul The budget primary balance in October was confirmed at a surplus of over 6 billion euros, compared to a deficit of 350 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy
Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP The Finance Ministry submitted to Parliament the final budget for 2024, which sees growth picking up next year and a sizable primary surplus in line with the country’s fiscal commitments that support debt sustainability.
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EconomyMacroeconomy
Budget continues to outperform in Oct, paving way for 350 mln Christmas handout The budget primary balance came to a surplus of 6.08 billion euros in October, compared to a deficit of 350 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
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EconomyMacroeconomy
IMF sees short-term progress and persistent long-term challenges The IMF published on Tuesday the concluding staff statement of the mission in the context of the Article IV consultations which took place recently.
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EconomyMacroeconomy VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep The budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022.
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EconomyMacroeconomy
Tax revenues beat target by 3.16 bln in Sep, as contained spending leads to 6 bln primary surplus The budget primary balance came to a surplus of 5.98 billion euros in September, compared to a surplus of just 52 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.