Image default
Greek News

Huge budget surplus of over € 3 billion forecast for 9-month term

Tax revenues of the Greek state are expected to hugely exceed projections, according to data from the 9-month term of the budget execution.
The primary surplus is forecast to reach € 4.48 billion against a target of € 1.47 billion, which is a € 3.012 billion rise in the first 9 months of 2019.

Meanwhile, the government is working on the draft budget for 2020, which was submitted to the European Commission today, in an effort to reverse the pessimistic assessments of international organisations and sway investors that the Greek economy is on a track and has achieved an upward momentum in its own right.

According to a Treasury official, the institutions are now expected to react to the draft sent by the financial staff and, according to the same source, have only minor differences compared to the one submitted, with a growth forecast of 2.8%.
“There are differences in the quantification of some measures,” said the same source.

Σχετικα αρθρα

The future of travel: Space tourism, facial recognition, game rooms and trips in time

admin

Volkswagen mulling huge investment in Greece

admin

Coronavirus measures: Tax payment suspended , 800€ per employee, layoffs are prohibited

admin

Coronavirus: OECD Slashes Forecast for World Economy (infographic)

admin

Greek real estate market records sharp rise in rates

admin

Tesla plans to produce 500.000 cars a year in Germany

admin

Greek Stock Market (ATHEX) tops global chart for 10-month term in 2019

admin

Where people work beyond the age of 65? (infographic)

admin

Inflation outlook unchanged, Turkey tees up more rate cuts

admin

Greece wins legal battle against top-selling Japanese yogurt claiming to be ”Greek”

admin

EU order for Apple to pay €13bn tax bill to Ireland “defies reality and common sense”

admin

The Biggest Exporters of Beef in the World (infographic)

admin

Central Council of Modern Monuments green lights Elliniko mixed-use project

admin

Growth in Greece slightly better for 2020 at 2.3%, EC Autumn report forcecasts

admin

The world’s largest car manufacturers (infographic)

admin

Government gears up to conclude fourth post-bailout review

admin

Global Workforce Could Lose $3.4 Trillion in Income This Year (infographic)

admin

EU court rules Airbnb not bound by French real estate law

admin