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Greece Expected to Return to Primary Surpluses in 2022

Greece will return to primary surpluses beginning in 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said...

Greece’s Financial Recovery Struggles as Pandemic Skews Budget

The coronavirus pandemic, which has negatively affected Greece's tourism and hospitality industries, is already widening the country's budget deficit and slowly pushing it back...

European Commission Eases Budget Rules due to Coronavirus Pandemic

As a measure to aid EU Member States suffering from the coronavirus pandemic and its tremendous impact on their economies, the European Commission announced...

Greek PM and EU Leaders Attempt to Find Consensus in Budget Negotiations

Those who follow the EU's political affairs closely know by now how difficult it is for Brussels to persuade all of its member-states concerning...

2019 Greek Budget Records Primary Surplus of Almost €5 Billion

The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary...

Greek Budget Foresees 2.8 Percent Growth in 2020

Greece's state budget for the financial year 2020 was presented to Parliament by Finance Minister Christos Staikouras on Thursday. A growth rate of 2.8% and...

EU Commission Set to Approve Greek Budget for 2020

The European Commission announced on Wednesday that it has adopted the fourth report for Greece under the Enhanced Surveillance framework. This gives the green light...

IMF Disagrees With Brussels; Sees Lower Greek Surpluses for 2019, 2020

Vitor Gaspar, the Head of the Fiscal Affairs Department of the International Monetary Fund (IMF) presented the Fund's Fiscal Monitor on Wednesday, just before its annual...

European Union to Give Green Light to Greece’s Budget for 2020

Τhe European Commission posted Greece's draft budget plan for 2020 on its website on Wednesday. The budgetary projections envisage a primary surplus of 3.7...

Greek Budget Revenues Exceed Targets by €287 Million in August

A positive surprise for Greece's public finances came to light on Monday, as according to the latest official data, the country's revenues were €287 million...

Greek State Budget Surplus Up by €1 Billion Compared to First Quarter of 2018

The Greek state budget recorded a primary surplus of €1.85 billion in the first quarter of 2019, up from a surplus of €840 million...

Greek Parliament Passes First Post-Bailout Budget

Following a long and politically fierce parliamentary debate, Greek lawmakers approved by majority the country’s 2019 budget at midnight Tuesday. This represents the first non-bailout...

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