budget

Greece Falls Short of Revenue Targets in 8 Months Despite Tax Storm

Greece has fallen short of its revenue target by 1.8 percent. A deficit in the budget balance worth 1,040 million euros in the first eight months of 2016 and 1,104 million euros for the same period in 2015 bringing...

Greek Budget Report: Economic Recovery Not Visible Yet

Greek Parliament's quarterly report points to growth prospects to follow the completion of the first review and "additional bailout." The report states that development will come if the reforms are adopted, but there are still dangers lurking. The report stresses...

Germany Postpones Release of Loan Tranche to Greece

German Bundestag did not recommend the release of the next loan tranche to Greece by the European Stability Mechanism rescue fund as earlier reports by Reuters had suggested. The German budget committee was supposed to have discussed the release...

Greece Proposes New Taxes to Creditors to Close Fiscal Gap

The Greek government proposed to creditors new taxes and levies on cars, fuel, real estate, mobile telephony, internet connection and cable television in order to close fiscal gaps until 2018. Athens needs to achieve a primary surplus of 3.5 percent...

Greek Central Gov't Cash Balance Shows 429-mln-euro Surplus in January-Feb‏ruary

Greece’s central government cash balance recorded a surplus of 429 million euros in the January-February period this year, compared to a deficit of 920 million in the same period in 2015, the Bank of Greece said on Wednesday. The central...

Greek Budget Shows 1.189 bln Euro Primary Surplus in Jan.

The Greek state budget recorded a surplus of 1.073 billion euros in January, the Finance ministry said. In a report, the ministry said that the primary surplus was 1.189 billion euros. Based on an amended cash basis, the state budget...

Greece Records 2.270 bln Euros Primary Surplus in 2015

Greece recorded a primary budget surplus of 2.270 billion euros in 2015, up from a surplus of 1.872 billion euros in 2014 but down from a revised budget target for a surplus of 3.257 billion, the Finance ministry said...

New Democracy Interim Leader Accuses Tsipras of Cheating Greece

New Democracy interim leader Yiannis Plakiotakis accused Greek Prime Minister Alexis Tsipras of 'fiddling' with budget figures and cheating the Greek people. The opposition leader late on Saturday said Tsipras tried "to cheat (the Greek people) and transfer the responsibility...

Greek Coalition Passes 2016 Budget in Parliament Amid Tension

The SYRIZA-ANEL coalition managed to pass the 2016 budget in parliament with 153-145, with two lawmakers absent in the 300-member Parliament, as all opposition parties voted against. The vote went as expected, since last week's meeting of party leaders ended...

Greek Budget Projects Weaker Recession in 2016 and 5.7 Bln Euros from Austerity and Reforms

The Greek Finance Ministry submitted the finalized version of the 2016 budget, which presents improved but still negative economic figures. The budget indicates that next year's recession will be milder than initially expected, with a 0.7% reduction in GDP in comparison to the...