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Taxes
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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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PoliticsGreek Politics
ND eyes more tax relief as early elections come into play Despite presenting a package of almost 3.5 billion euros worth of relief measures at the Thessaloniki International Fair (TIF), the government might have more measures in store – only adding to the growing feeling that New Democracy is gearing up for an early election contest.
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Economy
Govt grabs opportunity offered by escape clause to entice voters with support package Under pressure from developments since the beginning of August which tarnished its prized trait of competence, the government saw an opportunity to announce a sizeable support package at the Thessaloniki International Fair, hoping to change the domestic agenda.
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PoliticsGreek Politics
PM announces extensive measures to build on recovery, counter inflation and put govt on track Projecting the message that “Greece is changing,” Prime Minister Kyriakos Mitsotakis set out a range of measures at the Thessaloniki International Fair (TIF) on Saturday that he hopes will allow his government to turn a new page and build new momentum on the road to the next general elections.
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EconomyMacroeconomy
Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020 The budget primary balance was confirmed at a deficit of 9.09 billion euros in the first half of 2021, compared with a deficit of 6.1 billion in the same period of 2020, according to the final Finance Ministry (MoF) budget execution bulletin for June released on Monday.
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EconomyMacroeconomy
New tax debt at 2.9 bln in May, rising by 340 mln month-on-month The month-on-month rise in Greece's new tax debt came to 340 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.
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PoliticsGreek Politics
Govt intent on making some relief measures permanent The government appears set on the idea of making permanent some of the relief measures it has adopted since last year, while it also announced on Monday financial incentives for young Greeks to get vaccinated.
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PoliticsGreek Politics
Govt on defensive over property tax tweaks and labour bill The change in the taxable values of properties in Greece and the ongoing clash over the government’s labour reforms are dominating the domestic political agenda.
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EconomyMacroeconomy
New tax debt at 2.56 bln April, rising by 249 mln month-on-month The month-on-month rise in Greece's new tax debt came to 249 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown.
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PoliticsGreek Politics
Govt on alert for possible fallout from tapering of pandemic relief measures The government is bracing itself for any possible impact from the tapering of the economic relief that it has offered Greek businesses since the beginning of the pandemic.