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Budget
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Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
The budget primary balance up to August 2022 came to a small surplus of 10 million euros, compared to a deficit of 6.38 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Friday.
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Finance Ministry officials held a press conference on Monday to provide additional details about the support package that Prime Minister Kyriakos Mitsotakis announced on Saturday at the Thessaloniki International Fair.
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VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
The budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros, compared to a deficit of 9.06 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
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Govt puts focus on handouts, migration to take heat off surveillance affair
With the opposition intent on cornering Prime Minister Kyriakos Mitsotakis over his management of the intelligence service and the surveillance of politicians and journalists, the government is focussed on pulling together an economic package which it hopes will strike a chord with ordinary voters.
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Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
The budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
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Final budget execution for June affirms solid revenues, driven by VAT and income tax
The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
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High energy prices fuel uncertainty on fiscal front
The energy crisis fuelled by the Ukraine conflict will dominate the attention of Finance Ministry officials in the coming months as uncertainty over supplies during the winter has been priced into natural gas prices, which have reached 160 euros/MWh, creating doubts about the cost of the latest energy subsidy scheme.
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
The budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion euros, compared to a deficit of 8.14 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
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PBO urges continued fiscal discipline amid growing instability
In its latest report covering the first quarter of 2022, the Parliamentary Budget Office (PBO) sees mixed signals for the Greek economy and expects international factors to play a key role in developments in the near term.