Greece curtails public investment in January to meet Budget targets

Tax refunds and public spending have been stopped by the Greece Government in January to adjust the dip in tax revenues in order to meet its budget target said the Greece Government on Monday. The income of Greece Government from VAT receipts fell by €241Mn in the wake of ongoing recession going on in the country.

Greece curtails public investment in January to meet Budget targets-global-annal

The overall revenues of Greece Government suffered a blow by 11 percent and reached 4.42Bn Euros. Affected negatively by the Austerity measures put in place by Greece Government, the retail sales have been slowing down in double digit figures.


Source: Reuters, Economic Times, Yahoo

Published by Bhavesh Kumar

A multi-talented professional with diverse experience spanning across Advanced statistical analysis,Python programming with NumPy, pandas, matplotlib, Seaborn, Tableau, Machine Learning with stats models and scikit-learn, Deep learning with TensorFlow, journalism (digital and broadcast), management consultancy and documentary filmmaking. Worked for the leading international news agencies on feature stories, videography, scripting, programming and editing broadcast news. A creative and analytical mindset focused on executing new-age strategic communication initiatives with all its corresponding elements (clear and coherently written key messages, marketing strategy and predictive analytics) to ensure effective target audience impressions. Also, worked on several primary and secondary market research projects (Market Feasibility Study) for businesses looking for actionable insights.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: