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Budget
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PoliticsGreek Politics
ND sees budget as evidence of pledges being kept, SYRIZA highlights flaws Having submitted to Parliament on Monday the draft 2020 budget, including the tax cuts pledged by Prime Minister Kyriakos Mitsotakis in September, the government is turning its focus to other domestic political issues.
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Economy
Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps Greece’s finance ministry tabled to Parliament the draft budget for next year in which Greek authorities see substantially accelerated growth while honouring the target agreed with official creditors of 3.5 percent of GDP primary surplus.
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Economy
Court verdict on 2016 pension reform seen having fiscal impact Rulings from the Council of State just published deem parts of the 2016 pension reform, known as the Katrougalos law, unconstitutional and mean the new government will have to redesign parts of the social security system and incur a reported annual fiscal of around 300 million euros.
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EconomyProgramme
Athens strives to bridge fiscal gap before unveiling 2020 draft budget European Economic Affairs Commissioner Pierre Moscovici has given assurances ahead of his visit to Athens on Friday that the Greek government and the institutions will be able to bridge the fiscal gap for 2020 before the draft budget is submitted to Brussels on October 15.
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EconomyProgramme
IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap The International Monetary Fund (IMF) concluded its consultations with the Greek authorities in the context of its Article IV mission with a statement issued on Friday afternoon in which its staff outline the challenges that the new administration will face.
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EconomyProgramme
Fourth review talks conclude with fiscal differences remaining The talks between the Greek authorities and the heads of institutions concluded on Wednesday as the fourth post-programme moves on to the next stage.
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EconomyMacroeconomy
Budget primary surplus confirmed at 2.91 bln in August The budget primary balance recorded a surplus of 2.91 billion euros in the first eight months of 2019, compared to a surplus of 1.12 billion noted in August 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Wednesday.
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EconomyMacroeconomy Budget primary surplus at 2.90 bln in August The budget primary balance recorded a surplus of 2.90 billion euros in the first eight months of 2019, compared to a surplus of 1.12 billion noted in August 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Monday.
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EconomyProgramme
Fiscal issues top agenda as fourth post-MoU review gets underway The fourth post-programme review is due to begin in Athens on Monday, with fiscal issues expected to top the agenda as the government prepared to include the tax cuts announced by Prime Minister Kyriakos Mitsotakis in the 2020 draft budget.
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EconomyProgramme
Athens preparing to present budget plans to lenders after tax cut pledges Finance Minister Christos Staikouras is preparing to provide his eurozone counterparts with more details on Friday about the government’s fiscal plans, as set out by Prime Minister Kyriakos Mitsotakis at the Thessaloniki Expo over the weekend.