Tag: primary surplus

budget

Greece Records €13.49 Billion Budget Surplus in First Ten Months of 2024, Exceeding Targets

Greece reported a primary budget surplus of €13.489 billion for the first ten months of 2024, far exceeding the €4.667 billion target. This performance was boosted by the early collection of €3.241 billion from the Attiki Odos concession contract. The European Commission projects robust GDP growth for Greece, outpacing EU and Eurozone averages through 2026, alongside declining inflation, unemployment, and public debt levels.

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Greek Prime Minister Emphasizes Economic Recovery and Growth at National Gallery Speech

During a speech at the National Gallery, Greek Prime Minister Kyriakos Mitsotakis underscored the government’s focus on transforming the economy through increased investments and industrial growth. He asserted that Greece is on a clear path to recovery, consistently generating primary surpluses and reducing public debt at one of the fastest rates in Europe. Mitsotakis also noted improvements in public revenues and a restructured banking sector aimed at supporting economic financing.

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Greece Exceeds Primary Surplus Target with €8.7 Billion Surplus in First Nine Months of 2024

Greece reported a primary surplus of €8.74 billion for January to September 2024, significantly exceeding the government’s target of €5.3 billion. Driven by higher tax revenues and controlled spending, this marks a strong fiscal performance compared to the same period last year. The Ministry of Economy and Finance highlighted that tax revenues exceeded projections by €2.6 billion, while overall expenditures remained below target, contributing to the surplus.

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Greece Prepares Key 2025 Budget with Focus on Economic Support and Fiscal Discipline

Greece’s 2025 budget will focus on supporting vulnerable groups, maintaining fiscal discipline, and continuing tax cuts. As the government finalizes key decisions, balancing economic priorities with new EU fiscal rules will be crucial. Prime Minister Kyriakos Mitsotakis is set to announce the main economic policies at the Thessaloniki International Fair in September, while the Finance Ministry plans additional support for pensioners and reductions in social security contributions.