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budget

Greek Gov't Sees Higher Primary Surplus in 2018

The Greek government anticipates stronger growth in 2018, and the draft budget presented in parliament on Monday shows that the country is expected to achieve a higher primary surplus. Deputy Finance Minister Giorgos Chouliarakis said, "This is the last budget...

Fiscal Hole of 1.7 Billion Euros Appears in Greece’s Budget

According to official data published on Monday, Greece’s budget fell short by 1.7 billion euros over the first eight months of the year. The fiscal hole was attributed to a shortfall in income tax takings; the postponement by one month...

Public Revenue €1.7 Billion Below Target in First 8 Months

Public revenue dropped in the January-August period, creating a "hole" of 1.7 billion euros in the 2017 budget. According to State Treasury data, budget revenues declined by 1,759 billion euros, with tax revenues and privatization revenues dropping. The Ministry of Finance...

Greek Budget Shows Primary Surplus of 1.842 Billion Euros in January-May

The Greek state budget showed a primary surplus of 1.842 billion euros in the January-May period, up from a primary surplus of 1.456 billion in the same period last year and a budget target for a surplus of 1.050...

Greek Budget Records Primary Surplus of 4.392 Bln Euros in 2016

Greek state budget recorded a primary surplus of 4.392 billion euros in 2016, surpassing a primary surplus of 2.270 billion in 2015 and a budget target for surplus of 1.983 billion euros, the Finance ministry said on Tuesday. Regular budget...

Concerns Arise With Parliament's Amendment Allowing Rehire of Municipal Contract Workers

An amendment that was just passed in Parliament before the Christmas break might allow tens of thousands of contract workers at municipalities around Greece to be hired in with permanent contracts. The workers were previously in constant fear of getting the...

Greek Coalition Passes 2017 Budget in Parliament

The SYRIZA-ANEL coalition managed to pass the 2017 budget in parliament 152-146, with two lawmakers absent in the 300-member Parliament, as all opposition parties voted against. The vote on a budget in most cases is also a vote of confidence...

2016 Budget Revenues Surpassed Targets by 2.44 Bln Euros, November Figures Show

Budget revenues again surpassed targets in November by 2.44 billion euros in the January-November period, according to official figures released on Tuesday. The Public Revenue Secretariat General, in provisional figures on budget execution, said net revenue in November totaled 4.544...

Greek Budget Shows 6.502 bln Euros Primary Surplus in January-October

The Greek state budget recorded a primary surplus of 6.502 billion euros in the January-October period, from a primary surplus of 4.532 billion in the corresponding period in 2015 and a budget target for a primary surplus of 3.572...

Greek Economy Expects Budget Surplus in its First Rebound Since Crisis Began

A Greek government official says that Greece predicts 2.7 percent in economic growth for next year for its first rebound after a seven-year recession. The source, familiar with Greece's 2017 draft budget that is to be tabled in Greek...