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Budget
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EconomyMacroeconomy
Final budget for Oct affirms new targets and tax outperformance The budget primary balance for the ten months of 2022 came to a deficit of 350 million euros, compared to a deficit of 7.18 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Friday.
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EconomyMacroeconomy
Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023 The Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite the global challenges - sees Greece outperforming EU peers and avoiding a recession, while also delivering a primary surplus.
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EconomyMacroeconomy
Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln The 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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EconomyMacroeconomy
EC cuts 2023 growth forecast by more than half to 1 pct In 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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EconomyMacroeconomy
Final budget execution data for Sep highlights overperformance in most tax categories The 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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EconomyMacroeconomy Preliminary Sep budget records 37 mln primary surplus as taxes outperform by 4.9 bln The 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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EconomyMacroeconomy![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027 The 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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EconomyMacroeconomy
Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct The 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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EconomyMacroeconomy Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance The 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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EconomyMacroeconomy
PBO sees medium-term risks mounting, despite positive near-term outlook The 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.