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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. 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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  5. 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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  6. 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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  7. General gov't cash surplus rises to 3.54 bln at end of Feb, more than double last year

    EconomyMacroeconomy

    is the state budget (1.94 billion), while all other gg institutional bodies also showed a positive primary...) amounting to 48.72 billion. A similar figure (49 billion) was included in the 2014 budget, while the respective figure in 2013 budget stood at 52.85 billion. The state gross debt eased by 2.4 billion

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  8. 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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  9. 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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  10. 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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