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EconomyMacroeconomy
Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year The budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
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EconomyMacroeconomy
Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth Amidst growing concerns about the impact of the latest pandemic wave and ongoing pressures on the inflation front, led by energy prices, the Finance Ministry tabled a revised final budget for 2022 in which most macro variables and assumptions are improved compared to the draft tabled at the start of October.
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EconomyMacroeconomy
Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT The budget primary balance up to October landed at a deficit of 7.2 billion euros, compared with a deficit of 9.07 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
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EconomyMacroeconomy
Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln The budget primary balance was confirmed at a deficit of 5.96 billion euros in the first nine months of 2021, compared with a deficit of 7 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
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EconomyMacroeconomy
Primary cash deficit reduced to 5.72 bln in Sept as revenues climb Greece’s central government recorded a primary cash deficit of 11.96 billion euros up to September, according to figures released by the Bank of Greece on Monday.
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EconomyMacroeconomy
Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln The budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Friday.
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EconomyMacroeconomy
Draft 2022 budget represents first attempt to restore post-pandemic fiscal order Following two years during which Greece was allowed, thanks to the SGP escape clause, to run substantial deficits to protect its economy from the impact of the pandemic, 2022 sees some sense of fiscal order returning based on the draft budget submitted to Parliament on Monday.
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EconomyMacroeconomy
FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers The Finance Ministry submitted to Parliament on Monday the draft budget for 2022 in which Greece is seen leaving behind the impact of the pandemic.
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EconomyMacroeconomy
Budget primary confirms deficit of 9.06 bln in July, beating target The budget primary balance recorded a deficit of 9.06 billion euros in the first seven months of 2021, compared with a deficit of 7.46 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for July showed on Wednesday.
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EconomyMacroeconomy
Primary cash balance deficit at 8.67 bln in July Greece’s central government recorded a primary cash balance deficit of 8.67 billion euros in the first half of the year, according to figures released by the Bank of Greece.