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Budget
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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.
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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.
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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.
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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.
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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.
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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.
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EconomyMacroeconomy
FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers The Finance Ministry submitted to Parliament on Monday the draft budget for 2022 in which Greece is seen leaving behind the impact of the pandemic.
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PoliticsGreek Politics
ND walks tightrope with 2022 budget, looks for answer to inflation Greece’s economic prospects and the impact on households from spiralling prices are dominating the political agenda this week.
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EconomyMacroeconomy
Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs The budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
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EconomyMacroeconomy
RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln The budget primary balance recorded a deficit of 6.39 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Thursday.