Government spending
Turkey's current account balance sees $273 mln gap in October
Turkey's current account balance posted a deficit of $273 million in October, bringing 12-month rolling deficit to $33.79 billion, the Turkish Central Bank revealed on Dec. 11.
The figure was a $2.74-billion surplus in the same month last year, while it was down from $1.8 billion deficit previous month, the bank said.
Tax Council head Daniel Daianu: GDP to return to pre-pandemic levels in early 2022
The return of GDP to pre-pandemic levels will happen in early 2022, just like almost everywhere in the European Union, Chairman of the Tax Council Daniel Daianu told the regional video conference ZF BRD Budget 2021 today, stressing that he is "almost certain that next year will see economic growth." "It is almost certain that there will be economic growth next year.
FinMin Citu: Deficit after first 10 months is 74.04 billion RON, namely 7 pct of GDP
The budget deficit after the first ten months of this year stands at 74.05 billion RON, meaning 7 pct of the GDP, the Finance Minister, Florin Citu, announced in a press conference on Thursday. "The deficit after the first 10 months is 74.04 billion RON, meaning 7 pct of the GDP.
Minister of Finance Citu: Deficit up by 50 billion against budget adopted in December 2019
The budget deficit increases up to 90.9 billion lei following the budget rectification, an amount that represents 8.6% of GDP, so that the deficit is currently 50 billion lei higher against December 2019, when the budget for the current year was adopted, the Minister of Public Finance, Florin Citu, stated on Friday, in the beginning of the gov't meeting.
Greek budget records primary deficit of 8.199 billion euros in Jan-July, revenues drop
The Greek state budget recorded a primary deficit of 8.199 billion euros in the January-July period, against a surplus target of 1.166 billion euros, reflecting the impact of the repercussions of the coronavirus pandemic on the economy.
Millennial Blues: Pandemic Delivers Greece’s Stricken Generation Another Blow
Economic output is predicted to fall by 9.7 per cent, while unemployment, which had fallen below 20 per cent, is expected to return to over 20 per cent once again.
Stress and insecurity - but also hope
Alexandra Banou. Photo: Courtesy of Alexandra Banou
Coronavirus epidemic in numbers
The ranks of the jobless swelled from EUR 77,484 at the end of February to 88,648 by the end of April, according to Employment Service figures.
Growth slowed in May, but the jobless total has already exceeded 90,000 and many more are expected to be laid off in the coming months.
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State budget has reverted to deficit
Greece has returned to budget deficits, instead of surpluses, due to the coronavirus pandemic, Bank of Greece data for the January-April period have shown, while the government is preparing to announce a new package of financial measures for the June-September period, probably on Wednesday.
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FinMin Citu: It's first time in history when fiscal, monetary policy work almost perfectly
It's the first time in history when fiscal and monetary policy work nearly perfectly, stated, on Monday evening, at private broadcaster B1TV, the Minister of Public Finance, Florin Citu, mentioning that the message given by the National Bank of Romania (BNR) is very important. "Besides the relaxed fiscal policy we now have another impulse.
Budget deficit, rises to 1.67 pct of GDP after first three months
The budget deficit increased in March by almost 10 billion lei, reaching 1.67 pct of the Gross Domestic Product after the first three months of the year, from 0.73 pct at the end of February, according to data published on Monday by the Ministry of Public Finance.