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  1. IMF recognises Greek 2013 surplus, sees less burdensome financing needs
    Photo by MacroPolis

    Economy

    . In October 2013, the IMF forecasted a zero primary balance for Greece. “Greece met its primary surplus... balance of 1.5 percent of GDP, which is marginally above its previous forecast of 1.4 percent... balance, gg gross debt is forecast at slightly higher levels for 2014 and 2015 - at 174.7 and 171.3

    9%

  2. Greek current account deficit rises to 709 mln in February

    EconomyMacroeconomy

    deficit by 26 million. Those movements more than offset higher services and current transfers’ surpluses... by 87 million, the travel balance showed a small deficit of 5 million. This is due to higher travel... the travel balance to February remained positive, it dropped by 60 percent to 11 million primarily

    9%

  3. Greek cash deficit to July narrows 78.3 pct to 1.72 bln

    EconomyMacroeconomy

    million lower than the respective budget figure. The 7-month Public Investment Budget (PIB) balance showed...Greece’s central government net balance on a cash basis showed the deficit narrowing by 78.3... of Greece (BoG). The 7-month primary cash balance turned to a surplus of 2.42 billion from deficit

    9%

  4. Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July

    EconomyMacroeconomy

    . The 7-month budget balance figure beat its target by 1.63 billion euros. The outperformance mainly... than offsetting lower property taxes (by 246 million) and other income tax (by 178 million... billion, 3.5 percent short of target. Following a positive balance in June, the Public Investment Budget

    9%

  5. Greek current account surplus up to 1.6 bln in September after fourth straight rise

    EconomyMacroeconomy

    ’ balance (by 126 million) more than offsetting worsening income balance (by 122 million). The services...Greece's current account (C/A) balance posted a surplus for the fourth straight month in September, reaching 1.62 billion euros, up 67.3 percent year on year (YoY), according to the Bank of Greece

    9%

  6. OECD sees more growth, falling unemployment in Greece

    EconomyMacroeconomy

    . The general government (gg) balance is expected to remain slightly negative at 1 and 0.5 percent of GDP for 2014 and 2015 respectively, 1-1.5pp better than its previous estimates. For 2016, the gg balance... high debt which remains a major challenge, 3) slow progress in bank balance sheet restructuring

    9%

  7. Greek current account deficit widens by 32.4 pct in November despite services surplus
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's current account (C/A) balance remained in negative territory for the second straight month... movement of 298 million euros in the current transfers’ balance owed to a decline in general... euros. Although, the C/A balance showed a deficit in October and November, the 11-month figure still

    9%

  8. Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio

    EconomyMacroeconomy

    to the downward revision of GDP published on October 13, there is a deviation in the balance and debt... November 2010. In particular, the general government (gg) primary balance in 2014 displayed a surplus... million higher than previous estimate. Furthermore, gg debt was also confirmed at 317.12 billion

    9%

  9. Current account deficit narrows to 822 mln in April

    EconomyMacroeconomy

    and secondary income surpluses by 176 and 72 million respectively more than offsetting a decline... landing at 1.38 billion. BoG noted that the improvement in the goods’ balance is fully due to lower... net dividend payments and improved general government balance respectively. The aggregate figures

    9%

  10. General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend

    EconomyMacroeconomy

    in the state budget (+480 million), while the primary cash balance of the social security funds (SSF... to the overall positive gg balance. Local governments’ balance remained positive at 118 million, while... by more than 1.06 billion. The breakdown shows SSF arrears rose by 302 million euros in the year

    9%