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Budget
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May cash deficit improves markedly YoY as revenues rise by 3.5 bln
Greece’s central government recorded a primary cash deficit of 842 million euros in May, from a deficit of 2.09 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Friday.
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Budget primary balance to May beats target by wide margin, taxes continue to outperform
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 in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
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Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
The budget primary balance for the first four months of 2022 was confirmed at a deficit of 799 million euros, compared to a deficit of 6.2 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
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Central govt cash balance records surplus of 714 mln in April, improves by 5 bln YoY in first four months
Greece’s central government recorded a primary cash surplus of 714 million euros in April, from a deficit of 2.23 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Wednesday.
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Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln
The budget primary balance for the first four months of 2022 came to a deficit of 811 million euros, compared to a deficit of 6.2 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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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
The Greek authorities submitted to Brussels last week the Stability Programme for the 2022-2025 period, in which the impact of the cost-of-living crisis and the fallout from the conflict in Ukraine are reflected.
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March budget primary balance short of target, but taxes continue to overperform
The budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
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Primary budget deficit at 1.69 bln euros in Q1 as tax revenues continue to overperform
The budget primary balance for the first three months of 2022 came to a deficit of 1.69 billion euros, compared to a deficit of 3.41 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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Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
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Imminent end for enhanced surveillance offers boost to beleaguered govt
Amid the incessant pressure it is facing on many fronts, led by the cost-of-living, budgetary constraints and the pandemic, there is a potential bright spot for the government in terms of a timely exit from the enhanced surveillance setup this summer.