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  1. How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A

    PoliticsGreek Politics

    to Athens having to find more budget savings next year. Going into the EU Council meetings, the talk... eurocrats and troika whisperers, however, talk of €2 billion for 2014 budget. #Greece — Juergen Baetz... to their organization's budget. Some tweaks to the social security system will also be made. The Labor

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  2. Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend

    Economy

    Greece’s budget execution showed a primary surplus of 1.54 billion euros in the first quarter... to the final data released by the Ministry of Finance (MoF). Although the state budget balance... reflects a stronger fiscal performance in the first two months of the year. The budget outcome

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  3. Greek central government primary cash surplus to August at 2.3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    (MoF) in the budget execution bulletin are calculated on a modified cash basis. The breakdown... by 20.4 percent. Compared to the 8-month budget figure of 29.58 billion, the BoG cash revenue item... a mid single-digit drop of 4.9 percent to 32.14 billion. This compares with the 8-month budget figure

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  4. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    draft budget is due to be submitted to Parliament. The focus is on what fiscal targets... for another year. Furthermore, the MoF will reportedly highlight the budget outperformance so far this year... tax rate by 2 percentage points that will be incorporated in the final 2015 budget, which

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  5. What would a clean bailout exit for Greece mean in numbers?

    Agora

    loans is now 32 years and the budget is only burdened by small fees on the disbursements, which... to have a sizeable impact on the budget. Bilateral loans The loans of the first program, aka Greek... above the 6-month Euribor rate. Current servicing cost stands at circa 0.7 percent annually and a budget

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  6. Fiscal consolidation leads Greek 9-month primary cash balance to 2.76 bln

    EconomyMacroeconomy

    basis, while the respective items presented by the Ministry of Finance (MoF) in the budget execution... with the 9-month budget figure of 33.87 billion euros indicates that the BoG cash revenue item is lower... budget figure of 35.91 billion euros, BoG underlying item is lower by 230 million. Interest payments

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  7. Primary surplus narrows to 2.4 bln in October as revenues miss target

    Economy

    Greece’s budget execution showed the primary surplus narrowing to 2.41 billion euros.... The 10-month budget deficit reached 2.7 billion euros (from 2.29 billion in the 9-month period), which... shortfall as well as lower Public Investment Budget (PIB) balance (by 708 million). The comparison

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  8. Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln

    Economy

    Greece’s budget execution showed the primary surplus shrinking by 1.7 billion euros in December... Ministry (MoF) final budget bulletin published on Monday. The data means the primary surplus is 57... Investment Budget (PIB) expenditure (up 1.6 billion MoM). The final figures for the whole year show tthat

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  9. Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February

    EconomyMacroeconomy

    compared to modified cash basis for the Ministry of Finance (MoF) in the budget execution bulletin... get a difference of 740 million. This is mainly attributed to higher budget revenues (by 563 million... budget execution figures published by the MoF on Friday displayed a slower drop in revenues by 7.3

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  10. What next for Greece's revenues and spending?

    Agora

    . However, budget revenues in May fell short of the target by 1.05 billion euros, with Finance Ministry... budget projected much higher revenues of 6.43 billion euros. This is due to the inclusion of more than... budgeted for July are in doubt. Expenditure The other key budget item is primary expenditure. Data shows

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