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Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln
EconomyMacroeconomyThe budget primary balance up to October 2022 came to a small deficit of 349 million euros, compared to a deficit of 7.18 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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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyIn the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.
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Final budget execution data for Sep highlights overperformance in most tax categories
EconomyMacroeconomyThe budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros, compared to a deficit of 5.96 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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Preliminary Sep budget records 37 mln primary surplus as taxes outperform by 4.9 bln
EconomyMacroeconomyThe budget primary balance up to September 2022 came to a small surplus of 37 million euros, compared to a deficit of 5.96 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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IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
EconomyMacroeconomyThe International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece is seen growing by 2.1 pct in 2023 and securing a primary surplus of 0.7 pct of GDP, marginally below the stated commitments.
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Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
EconomyMacroeconomyThe budget primary balance for the first eight months of 2022 came to a small surplus of 20 million euros, compared to a deficit of 6.38 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 sees medium-term risks mounting, despite positive near-term outlook
EconomyMacroeconomyThe Parliament Budget Office (PBO) released on Thursday its latest report, for the second quarter of the year, and notes the relative positive picture in the near-term, despite the uncertain times due to the energy crisis. However, it notes a series of challenges and risks in the medium-term.
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Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
EconomyMacroeconomyThe 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
EconomyFinance 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.