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Nov budget data confirms tax revenue outperformance at 784 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.88 billion euros up to November 2021, compared with a deficit of 13.75 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
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Buoyed by improved tax revenues, budget deficit comfortably beats target at 7.88 bln in Nov
EconomyMacroeconomyThe budget primary balance for the eleven months of the year landed at a deficit of 7.88 billion euros, compared with a deficit of 13.47 billion in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday.
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Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
EconomyMacroeconomyThe 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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Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
EconomyMacroeconomyAmidst 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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Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT
EconomyMacroeconomyThe 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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Discussion over PEPP, SGP draw attention to rising yields
EconomyFeaturesThe Greek sovereign debt market has enjoyed a buoyant period, largely thanks to the participation of the GGBs in the ECB’s emergency asset purchase of the pandemic codenamed PEPP, which pushed borrowing costs for the Greek state to historic lows.
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Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln
EconomyMacroeconomyThe 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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Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
EconomyMacroeconomyThe 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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IMF maintains cautious view on public finances, sees debt declining slowly
EconomyMacroeconomyWithin the context of its Fiscal Monitor, the International Monetary Fund released its latest fiscal estimates for Greece, taking a traditionally more conservative view on the country’s public finances.
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IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
EconomyMacroeconomyThe International Monetary Fund, within the regular cycle of its World Economic Outlook (WEO) publication, was the latest international organisation to adopt a more optimistic view about Greece’s growth this year.