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EconomyMacroeconomy
Budget primary shows deficit of 7.01 bln as revenues suffer in September The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday.
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EconomyMacroeconomy
IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year The International Monetary Fund has issued its updated macroeconomic forecasts for Greece within the framework of the World Economic Outlook and the Fiscal Monitor released within as part of the IMF’s Annual Meetings.
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EconomyMacroeconomy
General govt primary cash deficit at 5.49 bln in Aug, arrears up by 172 mln Greece’s general government (gg) primary cash deficit came to 5.49 billion euros in the first eight months of the year compared to a surplus of 2.78 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyMacroeconomy
Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year The Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek authorities see a substantial recovery next year that will offset most of the losses suffered in 2020 due to the pandemic.
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EconomyMacroeconomy
Budget primary confirmed at deficit of 5.48 bln in August The budget primary balance recorded a deficit of 5.48 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the final Finance Ministry (MoF) budget execution bulletin for August showed on Friday.
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EconomyMacroeconomy
Primary cash deficit at 5.78 bln in August Greece’s central government primary cash balance recorded a deficit of 5.78 billion euros in the first eight months of the year according to figures released by the Bank of Greece (BoG).
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EconomyMacroeconomy
Budget primary shows deficit of 6.61 bln in August The budget primary balance recorded a deficit of 6.61 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for August showed on Wednesday.
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EconomyMacroeconomy
Overdue social security contributions rise to 37 bln in Q2 The stock of unpaid social security contributions (SSCs) increased to 37 billion in the second quarter (Q2) of 2020, rising by 687 million compared to the figure of 36.32 billion euros registered in the first quarter (Q1) of 2020, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
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EconomyMacroeconomy
New tax debt at 2.53 bln to May, up by 96 mln month-on-month The month-on-month rise in Greece's new tax debt came to 96 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.
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EconomyFeatures
VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU.