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  1. European Commission review of Greek programme: The key points

    EconomyProgramme

    financial management reforms, further improvements in the area of budget preparation are still needed... of only a limited portion of the sizeable 2013 fiscal over-performance, shortfall in social budget... billion envisaged by the Greek government in the 2014 budget. The new cumulative privatisation target

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  2. Q1 gg primary cash balance shows 2.5 bln surplus but 2014 arrears grow

    EconomyMacroeconomy

    in the 2-month period. The worsening gg fiscal performance in March is due to the state budget. The state budget primary surplus at 881 million remains the key contributor to the gg primary balance in Q1 2014 followed by social security funds at 820 million. However, the state budget posted a primary

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  3. Public deficit and democratic duty

    Agora

    of public utilities. Also, regardless of the argument about adding the utilities to the budget, there can... through the budget execution data from the months before PASOK came to power to see that the New... as early as May 2009, the state budget deficit was already at 14.4 billion euros, with 43 percent

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  4. Greece's troika talks begin with apparent deal on 2015 surplus
    Photo by MacroPolis

    EconomyProgramme

    fiscal targets to accommodate tax reliefs. The MoF official also noted that the 2015 draft budget... percent will be incorporated in the final 2015 budget, which is expected to be tabled in Parliament... International Fair in the draft budget. Troika representatives are due to meet with Development

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  5. Greek primary cash surplus more than doubles to 2.45 bln at end of August

    EconomyMacroeconomy

    period with the highest portion stemming from state budget (1.29 billion euros) followed...) stood at the low-end below the 300-million mark. The state budget primary cash surplus shrank... of the all sub-sectors. Arrears of the state budget (265 million euros), local government (345 million

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  6. No green light from troika yet as Greece moves towards bailout extension
    Photo by MacroPolis

    EconomyProgramme

    over the 2015 budget is due to begin in Parliament of 2015 shortly ahead of the vote on December 7... included in the 2015 budget would have to be amended in a new law that would follow. This would include all the measures proposed recently that were not incorporated in the budget. There is still

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  7. General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing

    EconomyMacroeconomy

    in the 10-month period, with the state budget figure at 2.03 billion, making up more than half of total. Last year the state budget recorded a primary deficit of 2.4 billion. The primary surplus of extrabudgetary... by almost 200 million Local government arrears (348 million), the state budget (326 million

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  8. Greek primary cash surplus up to 2.61 bln at end of November

    EconomyMacroeconomy

    the respective items included by the Ministry of Finance (MoF) in the budget execution bulletin are calculated... retreated 9.7 percent to 5.47 billion, slightly above the respective budget figure of 5.39 billion... budget execution released by MoF last Friday.

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  9. General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln

    EconomyMacroeconomy

    budget surplus at 1.83 billion, corresponding to almost half of total. Last year state budget had posted... up 17 percent of total. The other three gg subsectors showed modest movements with state budget

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  10. Reported widening of revenue shortfall in Feb as liquidity worries persist

    Economy

    Ahead of the publication of February’s budget execution figures next week, Finance Ministry sources... Economic adjustment program methodology. On a cash basis though, it impacts the 2015 budget. The preliminary budget execution bulletin is published on the 10th (or shortly after that) of each month

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