Tag: State budget

euros

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.

budget

Greece Prepares 2025 State Budget with €880 Million in Relief Measures

Greece is preparing its 2025 state budget with a focus on €880 million in relief measures. The budget will include new pension increases, reduced social security contributions, and the abolition of the business levy, among other measures. With a primary expenditure cap of €115 billion and a target primary surplus of 2.1% of GDP, Greece aims to balance fiscal discipline with social policy needs.