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Greek state budget deficit 2020 at €22.8bn; lower than expected, says Finance Ministry

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. …

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Greek Parliament budget office: “Draft state budget provisions uncertain”

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 …

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Greece’s budget records primary deficit of €8.199bn in Jan-July

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 …

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Greece’s state budget records €6.1billion primary deficit in H1 2020

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. …

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BoG: Greece’s state budget hit by impact of coronavirus pandemic

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 …

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Greece’s state budget primary surplus at 3.5% of GDP in 2019

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 …

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Greek Gov’t submits €5bn supplementary budget to fight coronavirus

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 …

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Greek state budget recorded a primary surplus of €.460 billion in Q1 2019

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 …

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Greece’s primary budget surplus in 2017 at 4.14% of GDP

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 …

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Greece budget primary surplus reaches €3.15billion in Jan-Aug 2018

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 …

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Greece’s primary budget surplus reaches €3.1bn Jan-Aug 2018

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 …

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Greece’s state budget exceeds primary surplus target in Jan-July

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 …

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Van Rompuys’ Proposal on EU Budget

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 …

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