budget

The most prominent spending increase affects pension rates, which will be raised by 2.2% to 2.5%, on average

This is up from a target of 2.133 billion euros over the same period last yeat, and compared to a primary surplus of 3.079 billion in the corresponding quarter last year

According to estimates, food prices in 2024 are expected to increase by an average of 4.6%, adding to the revaluations of 2023 that exceeded an average of 7.2%. Canned goods are projected to increase by 14%, legumes and rice by 10%, and cereals by 8%

Up from surplus target of 3.771 billion euros, and primary deficit of 1.091 billion euros reported over corresponding period in 2022.

BoG interim report forecasts 2.5% growth rate in 2024, 2025

The Mitsotakis government’s draft 2024 budget was ratified on Sunday evening during a e-roll call vote in Parliament, with 158 deputies – all from the ruling New Democracy (ND) party – voting in favor, compared to 142 against. Defense ministry expenditures were approved by 249 deputies in the 300-MP legislature. Debate extended over 66 hours, […]

The stable income of consumers has significantly dwindled, compelling the majority to adopt "smart shopping" strategies to save money

According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%

The country’s central bank said cash result of central administration posted a surplus of 93 million euros