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  1. Greece's 2014 fiscal gap suddenly appears bigger, much bigger

    Economy

    Just one week after the Greek Finance Ministry submitted to Parliament the draft budget for 2014... budget. The resumption of the troika mission appears to depend on Athens doing what is necessary to close... media would require increasing the consolidation effort already included in the draft budget by another

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  2. Cash deficit widens as Greece pays off state arrears

    EconomyMacroeconomy

    that the budget deficit to September narrowed to 2.67 billion euros with the primary surplus at 2.62... of 1.5 billion in budget execution as of July, which is excluded from BoG calculation b... expenditure as of February, but is excluded from MoF budget figure since it refers to past years

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  3. Ladies and gentlemen, please fasten your seat belts
    Photo by Can Esenbel [www.mundanepleasure.com]

    Agora

    . Their pronouncements were also born of a political necessity. The 2014 draft budget already contains... repeatedly been questioned. But it has just had its annual budget slashed to 7.5 million euros. How... Stability Fund even though it is part of the general government budget. Greece’s lenders have also

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  4. Cash deficit to October widens to 9.1 billion euros

    EconomyMacroeconomy

    in the corresponding period last year It is worth noting that the budget deficit to October narrowed... of SMP income of 1.5 billion in budget execution as of July, which is excluded from BoG calculation b... in BoG cash expenditure as of February, but is excluded from MoF budget figure since it refers

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  5. Greece leads way in cutting spending on healthcare, finds OECD
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    Greece made the biggest reduction in its healthcare budget of any OECD country between 2009... the healthcare budget in Greece reaches 9.1 percent, below the OECD average of 9.3 percent. The largest... report, however, also stresses that cuts in the healthcare budget in conjunction with the crisis

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  6. After Merkel, Samaras faces immediate challenges on domestic front
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    that the October budget execution figures meant that Greece would only have to make extra savings of around 1 billion euros next year and not 2 billion or more as the troika had requested. The 2014 budget... to pass its 2014 budget on December 8. Although it only has 154 of the 300 MPs in the House

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  7. Cash deficit to November rises to 9.9 bln as Greece pays off arrears

    EconomyMacroeconomy

    on December 12, the budget deficit to November narrowed by 75 percent to 3.22 billion euros...: a) the inclusion of SMP income of 1.5 billion in budget execution as of July, which is excluded from BoG... is reported in BoG cash expenditure as of February, but is excluded from MoF budget figure since

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  8. Greece records primary cash deficit in 2013

    EconomyMacroeconomy

    million. In contrast, the 2013 budget deficit narrowed by 66 percent to 5.35 billion euros... of 2.03 billion in budget execution, which is excluded from BoG calculation b) the repayment... as of February, but is excluded from MoF budget figure since it refers to previous years’ fiscal performance

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  9. Central gov't cash surplus rises by 53.8 pct to 603 mln in January

    EconomyMacroeconomy

    year’s figure of 636 million. Both figures are in line with the preliminary January budget execution... from a) The inclusion of 2.03 billion euros of SMP income in the budget execution, which was excluded... was reported in BoG cash expenditure, but excluded from MoF budget figure since it referred

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  10. Come back Cleisthenes, all is forgiven
    Photo by MacroPolis

    Agora

    ensured the Greek people that their economy was “fortified” and his government drew up a 2009 budget.... By May, the state budget deficit was already at 14.4 billion euros, with 43 percent of the budgeted... for the mayorship in May’s elections. Kaklamanis has dismissed Kaminis achieving a balanced budget despite seeing

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