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Budget
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EconomyMacroeconomy
EC reports highlight tight fiscal path and economic challenges The European Commission published on Wednesday two key reports, one was in the context of the 2023 spring recommendations and the other was the second report of the post-enhanced surveillance period.
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EconomyMacroeconomy
EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year The European Commission upped its outlook on Greece for this year in its latest forecast published on Monday. It now expects the Greek economy to grow by 2.4 pct in 2023, from 1.2 seen in the previous estimate in February.
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EconomyMacroeconomy
Budget primary surplus of 2.43 bln in April thanks to 1.64 bln tax outperformance The budget primary balance came to a surplus of 2.34 billion euros in April, compared to a deficit of 799 million euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy Stability Programme sees improved growth, primary surplus above 2 pct from 2024 Greece submitted to the European Council and the European Commission the latest Stability Programme of 2023, covering the 2024-2026 period, in line with the Council regulations.
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EconomyMacroeconomy Higher VAT and income tax takes, with limited spending help budget beat targets in Mar The budget primary balance in March was confirmed to be a surplus of 3.08 billion euros, compared to a deficit of 1.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
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EconomyMacroeconomy
Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus The Greek authorities were handed a welcome boost on Friday as ELSTAT announced the latest fiscal data for 2022, in the context of the first Excessive Deficit Procedure (EDP) notification of 2023, where a small primary surplus was recorded.
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EconomyMacroeconomy
Budget primary surplus at 3.07 bln in Mar on back of 2022 tax collections, underspend The budget primary balance came to a surplus of 3.07 billion euros in March, compared to a deficit of 1.65 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
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EconomyMacroeconomy
Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses The IMF spring meetings produced some good news for Greece via the World Economic Outlook and Fiscal Monitor.
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EconomyMacroeconomy
Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes The budget primary balance in February was confirmed to be a surplus of 4.22 billion euros, compared to a surplus of 840 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 Budget primary balance beats target by 2.39 bln in Feb as taxes outperform The budget primary balance in February came to a surplus of 4.2 billion euros, compared to a surplus of 840 million euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.