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  1. Greece in 2014: The risks and opportunities of moving forward

    Agora

    with Greece’s international creditors. After achieving the largest budget deficit reduction on record... in 2009 was an equally unprecedented budget deficit of 15.7 percent, which only fully revealed... will achieve a primary budget surplus in 2013, and we will only know official figures in April 2014

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  2. Central government primary cash surplus at 1.7 bln to February
    Photo by MacroPolis

    EconomyMacroeconomy

    the preliminary February budget execution data released by the Ministry of Finance (MoF) on March 11... below the respective budget figure. It should be noted that 2013 central government figures reported... billion euros of SMP income in the budget execution, which was excluded from the BoG calculation b

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  3. Central gov't cash deficit down to 1.14 bln in March

    EconomyMacroeconomy

    for the budget execution are disclosed on a modified cash basis. Cash revenues rose 2.7 percent to 10.53... percent. Interest payments on a cash basis rose 4.7 percent to 1.99 billion, in line with the budget... to: a) The inclusion of 2.03 billion euros of SMP income in the budget execution, which was excluded from the BoG

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  4. The politics of debt dynamics in Greece
    Photo by MacroPolis

    Agora

    indebtedness trap. Source: Data is from the draft budget for 2015 submitted by the Greek government... to achieve a primary surplus (before interest payments) in its central budget every year, preferably... budget austerity and fundamentally reverse the working arrangements with the troika; it would also

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  5. Newsletter 5 - 28/11/2014

    Newsletters

    meeting, the Greek parliament will vote on the 2015 budget, with the government insisting that next year... recorded their third-highest readings this year in October. Budget shortfall in October as revenues miss target A revision of monthly targets meant that Greece’s budget execution figures were 880 million

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  6. Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec

    EconomyMacroeconomy

    and is mainly attributed to Public Investment Budget deficit of 857 million euros. The central government... on a cash basis, while the respective items included by the Ministry of Finance (MoF) in the budget... to 5.64 billion euros, almost in line with the respective budget figure of 5.57 billion. Reconciling

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  7. Newsletter 23 - 17/04/2015

    Newsletters

    been since December 2012. March's figure is the highest reading since January 2013. Budget primary surplus rises Greece’s budget primary surplus rose to 1.74 billion euros, up 12.6 percent, at the end... expenditure (by 1.18 billion) and higher public investment budget (PIB) surplus (by 856 million

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  8. General gov't primary surplus halves in Q1, arrears and guarantees jump

    EconomyMacroeconomy

    of Finance (MoF). The breakdown among the four key gg entities showed mixed trends. The budget primary... only showed a primary cash surplus of 173 fully attributed to budget, which posted a surplus of 784... million), local governments (+56 million), extrabudgetary funds (+35 million) and state budget (+29

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  9. Why doesn't Tsipras just cut defence spending?

    Agora

    Minister Alexis Tsipras faces in slashing the defence budget is that – contrary to what many people... budget, the government spent an average of 428 million euros on military procurements in each... the crisis began, more than 70 percent of the defence budget was used to pay staff but, according

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  10. General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln

    EconomyMacroeconomy

    fiscal performance in the state budget and deteriorating in the other three sectors. The primary cash surplus of the state budget substantially widened by almost 2.5 times to 2.97 billion euros from... 13.7 percent of total. State budget arrears eased MoM yet they have risen by 571 million YtD to 728

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