Greek state budget posts lower primary deficit than forecast
On an amended cash basis, the state budget posted a deficit of 11.680 billion euros in 2022, down from a budget target for a deficit of 13.4 billion euros
On an amended cash basis, the state budget posted a deficit of 11.680 billion euros in 2022, down from a budget target for a deficit of 13.4 billion euros
The signing was attended by the relevant finance and national defense minister
Ot.gr first reported the development
The government wants a proposal by banks on this issue within the next two weeks.
Market sources cited an initiative to facilitate a decrease in monthly payments for borrowers meeting specific and strict criteria
The Minister of Finance asked bank managers to help households affected by the current crisis with interest rate reductions and payment facilities
A final decision will be taken next year
Fiscal progress and investment grade are the targets
The two scenarios for breaking the impasse
The aim is to ensure that growth continues next year at around 2.5% and the surplus is close to 1%
The draft budget will provide for a primary surplus, even marginal, as well as the continuation of growth against the unfavorable climate that has been created in Europe
Union leaders claim the bill will lead to a privatization of urban mass transit systems
The cash reserve of Greece is estimated at 39 billion euros
The Greek prime minister and his economic staff want to have a clear picture of the potential of the Greek economy and of the international developments in terms of energy cost and inflation
The image of tourism for the first semester is close to that of 2019
Detailed measures "on the table” are, reportedly, higher heating subsidies, as well as subsidies for fuel and high electricity prices
Square meters valued from a low of 3,250 euros to 8,000 euros
According to Christos Staikouras some 1,200 applications are still pending, accounting for more than one billion euros in debt
The additional revenue will fund a new expanded quarterly grant package
The center-right Greek government aims to push the draft bill through parliament via a fast-track process, meaning a vote by a plenary session at the end of June
What is provided by the order of the Ministry of Finance
The analysts' estimates
A gaming concession for the landmark real estate privatization, called “The Ellinikon” by its property developer, Lamda Development, is deemed as crucial for the viability of the entire investment.
The Ministry of Finance predicts that the deficit improvement may exceed 1.5% of GDP
The supplementary budget was approved by deputies of ruling New Democracy (ND), PASOK- KINAL and the smaller Helleniki Lysi (Greek Solution) party
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
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