Political debates about the United States federal budget

Below 120% of GDP debt by 2027 - Praises to government for progress

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).

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.

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.

The investment is estimated to add 2.4% to the GDP

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.

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.

In a report, published last night, the World Bank raises the 2018 economic growth forecast of Bulgaria from 3 to 3.6 percent, BNR reported.

For this and for next year, the World Bank is also raising its forecast - a 3 percent growth rate for 2020, and 3.1 percent for 2021. In June last year its growth forecast was 2.8 percent for both years. 

Greek property owners are among Europe's most heavily burdened by taxes, according to a study by Washington-based think tank the Tax Foundation that examines the tax burden on ownership and its ratio to all tax revenues.

Greece is expected to meet its primary surplus targets in 2019 and 2020 according to the EU's economic Spring Forecast 2019, presented today by Economic and Financial Affairs Commissioner Pierre Moscovici.

The report underlined that in order to meet targets the state budget must be fully implemented.