Government spending
Treasury posts cash balance deficit in February
According to data released by the Treasury and Finance Ministry, the treasury cash balance posted a deficit of 198 billion Turkish Liras ($6.2 billion) in February.
Cash revenues rose from 208 billion liras in February 2023 to 563 billion liras last month, while expenditures leaped 100 percent to 761 billion liras.
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Primary surplus of €3.92 billion last year
The state budget balance for January-December of 2023 presented a deficit of 3.76 billion euros, against a target for a deficit of €8.34 billion that has been incorporated into the 2024 budget introductory report, and a deficit of €11.65 billion for 2022.
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Fiscal reforms agreed by EU governments
European Union finance ministers agreed on Wednesday on changes to the EU's fiscal rules updating them to the post-pandemic realities of high public debt and the need for massive public investment to fight climate change.
The pact is complex but is built on two crucial principles: an upper limit for a country's national budget deficit, and an upper limit for its total public debt.
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Parliament to vote on 2024 state budget
In a culmination of a five-day debate on the 2024 state budget, the Greek Parliament concludes proceedings on Sunday with speeches from the Prime Minister and leaders of parliamentary groups.
Following this, an electronic roll-call vote is slated for the budget, assuming the significance of a vote of confidence in the government.
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Bulgarian Finance Minister Reports State Budget Deficit Drop in November
Finance Minister Asen Vassilev announced a significant decline in the state budget deficit for November, reaching a mere 0.6%. This marks a milestone in over two decades, with revenue from taxes surpassing expenditures—a first in this time frame.
Bulgaria's Health and Welfare Spending Trails Behind EU Average in 2022
Recent findings from Eurostat, the European statistics agency, have unveiled disparities in social protection and healthcare spending among EU member states. In 2022, the average expenditure across the EU nations, measured as a percentage of GDP, was recorded at 8.1%. However, this marked a decline of 0.4 percentage points from the previous year's figures.
EU should finance common goods jointly, says ECB’s Knot
The European Union should centralise more of its budget spending, especially for common goods, as that would relieve the burden on more indebted countries and promote convergence, Dutch central bank chief Klaas Knot said on Thursday.
Serbian parliament passes 2024 budget bill
BELGRADE - The Serbian parliament passed the 2024 budget bill on Thursday.
Under the bill, budget revenues will total 2,040.9 bln dinars and expenditures will amount to 2,238 bln dinars.
One hundred and forty-five of 189 MPs in attendance voted in favour of the bill and 31 voted against, there were no abstentions and 13 MPs did not take part in the vote.
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Fighting inflation top priority: Şimşek
The government's priority is to fight inflation, Treasury and Finance Minister Mehmet Şimşek has said, noting that revenue and expenditure policies that would restore fiscal discipline are being implemented.
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Serbian government adopts 2024 budget bill
BELGRADE - The Serbian government adopted the 2024 budget bill on Thursday, the Ministry of Finance confirmed to Tanjug.
It said the bill was expected to be passed by the parliament by the end of this month.
The bill envisions a 3.5 pct GDP growth rate in 2024.
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