Tag Archives: budget

The draft state budget for 2024 will be tabled in the Greek Parliament on Monday, with a forecast for a 2.1% primary surplus on GDP for 2024 and a possible primary surplus of 0.7% for 2023, despite the natural catastrophes the country faced. Essentially, the budget reflects the Greek economy’s …

Read More »

The Greek state budget showed a primary surplus of 5.596 billion euros in the January-August period, from a budget target for a surplus of 2.314 billion and after a primary surplus of 19 million in the corresponding period in 2022, the finance ministry said in a report on Monday. More …

Read More »

Finance Minister Christos Staikouras announced on Thursday he will present a supplementary budget to cover the cost of additional aid for households and businesses hit by high energy costs. Speaking to state boradcaster ERT, the finance minister cited “satisfactory” fiscal data. Staikouras said the performance of tourism and revenues from …

Read More »

Greek state budget recorded a lower than expected deficit in 2020 offering a breathe as the ministry tries to implement its fiscal policy in 2021, the Greek Finance Ministry said on Monday. A report said the budget deficit totaled 22.808 billion euros in 2020, down 1.5 billion from budget provisions. …

Read More »

The 2021 draft state budget is tabled under unprecedented conditions that make macroeconomic and fiscal forecasts uncertain, the Parliament’s State Budget Office said in a report on Thursday. In its assessment over the draft budget, the Office said that macroeconomic forecasts see an 8.2 pct economic contraction this year and …

Read More »

The Greek state budget recorded a primary deficit of 8.199 billion euros in the January-July period, against a surplus target of 1.166 billion euros, reflecting the impact of the repercussions of the coronavirus pandemic on the economy. The preliminary budget execution figures for the seven-month period showed a deficit of …

Read More »

The Greek state budget recorded a primary deficit of 6.101 billion euros in the first half of 2020, from a budget target for a primary surplus of 313 million euros and after a primary surplus of 381 million in the corresponding period in 2019, the finance ministry said on Monday. …

Read More »

The Greek general government budget recorded a deficit of 6.014 billion euros in the January-April 2020 on a cash basis, after a deficit of 1.138 billion in the corresponding period in 2019, the Bank of Greece said on Monday. In a report, the Bank of Greece, attributed this development mainly …

Read More »

Greece’s state budget recorded a primary surplus of 3.5% of GDP in 2019,European Statistics authority Eurostat said in a report released on Wednesday. According to the report, the general government recorded a surplus of 1.5% of GDP or 2.7 billion euros in 2019. The primary surplus based on excessive deficit …

Read More »

The Greek government has submitted to Parliament a supplementary budget worth 50 billion euros to finance economic support measures announced for enterprises and individuals hit by the coronavirus. The amendment envisages measures to limit the spread of the coronavirus in Greece and to deal with the negative effects of the …

Read More »

Greek state budget showed a primary surplus of 5.755 billion euros in the January-October period, significantly exceeding a budget target for a surplus of 2.314 billion euros and a primary surplus of 3.811 billion in the same period last year, the Finance ministry said in a report on Monday.  The …

Read More »

The Greek state budget showed a primary surplus of 1.460 billion euros in the January-March period, up from a budget target for a primary surplus of 960 million, but down from a surplus of 1.879 billion euros in the corresponding period in 2018, the Finance ministry said in a report …

Read More »

Greece’s primary budget surplus reached 4.14 percent of gross domestic product last year, based on the terms of the country’s economic adjustment program, according to Finance Ministry officials. Earlier, the Hellenic Statistical Authority said in a report that the Greek general government recorded a primary surplus of 3.9 pct of …

Read More »

Greece’s state budget showed a primary surplus of 3.157 billion euros in the January-August period, down from a primary surplus of 3.544 billion euros in the same period last year, but up from a budget target for a surplus of 917 million euros. The Finance Ministry, in an announcement, said …

Read More »

The primary budget surplus of the Greek state shows a significant over-performance compared to the terms of reaching the annual goal. According to provisional finance ministry data released on Friday, the primary surplus reached 3.139 billion euros in the first eight months of 2018. The goal dictated by creditors was …

Read More »

Greece’s state budget recorded a primary surplus of 2.087 billion euros in the January-July period, up from a budget target for a surplus of 929 million euros, the Finance Ministry said on Tuesday. However, it was down from a primary surplus of 3.024 billion euros in the same period last …

Read More »

Brexit negotiations between UK and the European Union are still to start. Whatever the outcome one thing remains sure: the impact on Greek economy will be big both in bilateral and EU level, especially in trade and tourism. And this at times when Greek business struggle to survive in an …

Read More »

Greece’s top administrative Court Council of State ruled out on Wednesday that the pension cuts of 2012 imposed by the Troika were against the Constitution. The court ruling followed a massive litigation by individual pensioners and pensioners’ associations from the country’s private sector. The Council of State ruled that the …

Read More »

An “explosion” in revenues in March 2015 created a Primary Surplus of 1.7 billion euro, Deputy Finance Minister Dimitris Mardas announced on Thursday. “The primary result is a surplus of 1.735 million euro,” The Greek Finance Ministry said in a statement adding that “the Primary Surplus target was 119 million …

Read More »

A copy of latest proposal for the EU budget had been obtained by Open Europe Blog. European Council President Herman Van Rompuy proposes that the headline spending figure remains broadly unchanged in the new proposal, standing at €1,014bn (a €4bn increase), but more cash is spent on farm subsidies and structural funds, in …

Read More »