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No victory, just plenty of misery
Agorawith Greece: In 2010 it was a country that ran a budget deficit, not including debt servicing, in the region... the holes in your budget will not be too harsh. Failing to secure an assistance programme would mean having to wipe out a 24-billion-euro deficit and balance the budget in one fell swoop rather than
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European Commission review of Greek programme: The key points
EconomyProgrammefinancial 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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Public deficit and democratic duty
Agoraof 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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Greece's troika talks begin with apparent deal on 2015 surplus
EconomyProgrammefiscal 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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Greek primary cash surplus more than doubles to 2.45 bln at end of August
EconomyMacroeconomyperiod 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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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomy-sectors continue displaying a primary cash surplus in the 9-month period, with the state budget (1.82... budget in particular, shows a material improvement by more than 3 billion YoY and 500 million month.... Arrears of local governments (356 million), state budget (283 million), and extrabudgetary funds (198
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No green light from troika yet as Greece moves towards bailout extension
EconomyProgrammeover 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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Greek primary cash surplus up to 2.61 bln at end of November
EconomyMacroeconomythe 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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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomybudget 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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General gov't primary surplus shrinks to 419 mln in January
EconomyMacroeconomydeterioration in the primary balance of all subsectors. The state budget posted the highest surplus at 242... surplus of 538 million in January 2014. The fiscal deterioration in state budget and extrabudgetary... of total). The other subsectors showed slower changes with state budget arrears down 22 million MoM to 135
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