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  1. 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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  2. 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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  3. 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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  4. 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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  5. No victory, just plenty of misery

    Agora

    with 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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  6. 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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  7. 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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  8. 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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  9. 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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  10. 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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