“Today’s official statistics confirm that Greece succeeded in bringing the fiscal deficit to zero in 2022, even recording a small primary surplus.
We thus achieved, all together, households, businesses, the State and the Government, the largest – pan-European – fiscal improvement, despite the fact that the support measures for society were among the most generous in Europe” says the Minister of Finance Christos Staikouras in a statement, with leading to a primary surplus in 2022.
And the announcement continues:
“In the same year, the GDP of the country increased by 26 billion euros. And public debt fell by 23% of GDP. The Greek economy has turned the page. He returned, powerfully, to the European scene. It is now growing at one of the highest rates in Europe, from tail to performance in the previous four years. Public finances are stabilizing and improving. The productive model of our country is changing, with a significant increase in investments and exports. In short, Greece has charted a new course and is moving on a more hopeful path. We achieve, all together, the promotion of a modern, productive, competitive, extroverted and sustainably growing economy. An economy with household and stable public finances. A resilient and strong economy. A strong and fair Greece. A Greece that exudes self-confidence, reliability and trust”.
Hellenic Statistical Authority-ELSTAT data
Greece achieved a marginal primary surplus of 273 million euros or 0.1% of GDP in 2022, confirming the relevant reports of the Ministry of Finance.
It is worth noting that this is a significant change from the budget target of a primary deficit of 1.6% of GDP.
ELSTAT’s data show that from a deficit of 8.45 billion euros in 2021, in 2022 the primary balance of the general government turned into a surplus of 273 million euros and correspondingly from -4.7% of GDP to 0.1%.
Latest News
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis