Political debates about the United States federal budget
Fitch flags concerns over US fiscal policy challenges
The United States is facing "significant" tax-and-spend challenges this year that are unlikely to be swiftly resolved by Congress, the ratings agency Fitch has said, flagging a recent "deterioration" in governance.
Budget: Measures and support for workers, pensioners, households and businesses
The finalized text of the national budget includes a series of permanent fiscal interventions for 2024 and 2025, introducing significant changes in the management of the General Government’s expenditures and revenues.
Budget Office in the House of Representatives: Five “opportunities” and four “risks” for the economy
Debt Reduction, Economic Growth, and Income Increase: Key Insights from the Medium-Term Programme in 10 Q&As
In a recent Q&A, the Ministry of Finance outlined key aspects of the Greek economy’s future based on the Mid-term Fiscal Plan for 2025-2028. This plan details structural changes and projections for the economy over the next four years. Here are the highlights:
1. What are the European fiscal rules and how do they differ from the Stability Pact?
What does the upgrade by Standard & Poor's to a positive outlook for Greek sovereign debt mean
Below 120% of GDP debt by 2027 - Praises to government for progress
IMF sees primary budget surplus at 2.1% of GDP
The International Monetary Fund forecasts a primary surplus of 2.1% of GDP for Greece this year and a decrease in public debt by 10 percentage points to 158.8% of GDP in its report on fiscal developments (Fiscal Monitor).
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Overshoot in 2023 budget takings
Tax revenues and the primary result of the budget in January and February exceeded the target, but this is largely counted in the 2023 budget, per the Finance Ministry. Therefore, for 2024, there is currently no significant fiscal space for benefits.
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New finance minister has cushion to work with
The new government begins its term with a budgetary cushion of almost 3.7 billion euros, as the definitive January-May budget execution data showed on Monday a primary a surplus of €2.3 billion, instead of a primary deficit of almost €1.4 billion euros the budget had targeted.
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PM Mitsotakis at official Hellinikon opening: “The Project will add 70,000 new jobs” (video)
The investment is estimated to add 2.4% to the GDP
UPDATE 2021 state budget, state social insurance budget laws, promulgated
President Klaus Iohannis promulgated on Monday the state budget law for 2021, the Presidential Administration announced. The head of state also promulgated the law on the state social insurance budget for this year. According to the Presidential Administration, the 2021 budget will allow Romania to develop in key-sectors, which have often been "ignored" in the past.