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Budget
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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.
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EconomyMacroeconomy Budget beats target in Jan, boosted by 49 pct YoY jump in taxes on goods and services The budget primary balance in January was confirmed to be a surplus of 2.77 billion euros, compared to a surplus of 15 million 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
Budget starts year where it left off in 2022, beating target by 618 mln in Jan The budget primary balance in January this year came to a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.
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Economy
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+' Fitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable.
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EconomyMacroeconomy
Final budget execution for Dec confirms primary deficit beat target by 1.85 bln The budget primary balance for the year 2022 came to a deficit of 6.65 billion euros, compared to a deficit of 10.33 billion euros during 2021, according to the final Finance Ministry (MoF) budget execution data for December released on Wednesday.