General State Accounting Office

Ministries are gearing up to draft the 2025 Budget, which must align with the “tight” fiscal direction imposed by the new Stability Pact rules in Europe. Despite these constraints, the budget will provide an additional €880 million in social benefits compared to 2024, aimed at supporting vulnerable groups and small and medium-sized households.

The primary budget surplus in January-August would have been 1.3 billion euros smaller if the Finance Ministry had paid the tax rebates due to enterprises and taxpayers and met the spending targets of the Public Investments Program - which the government has frozen.

 State has cut almost 1.5 bln euros of primary spending in the first four months of the year, data show

By Prokopis Hatzinikolaou

By Prokopis Hatzinikolaou

The state?s debts to third parties, such as suppliers, are growing by the month, according to data released on Tuesday by the General State Accounting Office. In the year?s first couple of months the state?s unpaid dues were up 232 million euros on last December.

 State budget has suffered 400-million-euro shortfall due to hike

By Prokopis Hatzinikolaou

The government will include a reduction in the special consumption tax on heating oil in its package of tax relief measures to be negotiated with the country’s creditors from September, despite previous rejections by the lenders.

By Prokopis Hatzinikolaou

Prime Minister Antonis Samaras visited on Monday the General State Accounting Office and announced measures to provide some debt relief for thousands of small and medium-sized enterprises that will boost their cash flow.