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State deficit in the first seven months of 2022 at 6.09 billion euros

In January-July 2022, the central government cash balance recorded a deficit of €6,090 million, compared to a deficit of €13,078 million in the same period of 2021, according to latest data from the Bank of Greece.

During this period, ordinary budget revenue amounted to €30,203 million, compared to €24,111 million in the corresponding period of last year. Ordinary budget expenditure amounted to €34,906 million, from €35,999 million in January-July 2021. 

Table: Central government net borrowing requirement on a cash basis (million euro)

  • Published in Economy

Scope Ratings: ECB and strong growth boost Greece's rating outlook

Scopes Ratings believes Greece (BB+/Stable) has staged a strong recovery from the Covid-19 crisis. Last month, the agency revised up the 2022 growth forecast to 4.9% from an 4.6% estimate at the start of the year – the economy grew 8.3% last year – though Scopes revised down our 2023 forecast to 2.1% from 2.5%.

  • Published in Economy
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