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  1. Athens settles pension handout row, looks for review progress
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    million according to the General Accounting Office, is fully funded by the 2017 budget, the letter.... The 2017 budget foresees a primary surplus target of 1.91 billion euros for 2016, corresponding

    4%
  2. General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln

    EconomyMacroeconomy

    for the social security funds amounted to 1.61 billion. On the flipside, the state budget primary...), hospitals (-173 million) and state budget (-171 million) partly offset by tax refunds (+157

    4%
  3. PBO warns of recovery risks, fourth bailout and possible default

    EconomyMacroeconomy

    In its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead... as in operational expenditure. Therefore, the report notes that the expenditure ceilings included in 2017 budget

    4%
  4. General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 315 million to 246 million in January. In addition, the primary surplus of the state budget as well...) and extrabudgetary funds (+14 million). On the flipside, state budget and tax refunds’ arrears eased by 11

    4%
  5. Limited arrears clearance in first two months of 2017

    EconomyMacroeconomy

    government (gg) bodies, namely state budget, local governments, hospitals, social security funds (SSFs... funds’ arrears. Moreover, payments for state budget arrears stood at 467 million, for tax refunds

    4%
  6. General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
    Photo by Panayotis Tzamaros/Fosphpotos

    EconomyMacroeconomy

    . On the flipside, the primary surplus of the state budget shrank by 1.54 billion to 739 million, while... million) and SSFs (-49 million), while state budget arrears rose by 37 million. Since the beginning

    4%
  7. Third review seen taking longer than Athens had hoped
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    and its lenders see next year’s budget progressing, the discussions will become more complicated. The budget is likely to be drafted after the arrival of the mission chiefs in Athens in the second half

    4%
  8. Onus on Athens to speed up review after German election result
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    Macron for a beefed up eurozone budget to help cushion the impact of crises and boost investment..., it is not right,” Sven-Christian Kindler, budget policy spokesperson for the Green Party, said at the time

    4%
  9. An unsettling role-reversal for Greece and Germany
    Photo by Andrea Bonetti/Fosphotos

    Agora

    the eurozone, with the idea of an ample budget, funded by a common tax, to boost investment and cushion...,” Sven-Christian Kindler, budget policy spokesperson for the Green Party, said at the time

    4%
  10. Coalition banks on surplus transfers, waits for Hellenikon verdict
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    The government is hoping that the distribution of an ample excess primary surplus from this year’s fiscal overperformance will help it win the public relations battle over the draft 2018 budget... of next year. The draft budget also foresees 2.4 percent growth next year, driven to a large extent

    4%