budget
Economy
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...
Economy
Greek Government Records 954 Million Euro Deficit
Greek central government cash balance recorded a deficit of 954 million euros in the January-October period this year, compared to a deficit of 2,250 million in the same period in 2014 the Bank of Greece said on Monday.
The central...
Economy
Greece Has Nearly 2 Bln Euro Budget Deficit Between January and September 2015
The Greek Finance Ministry has revealed the extent of the Greek budget deficit for the first nine months of 2015.
According to the budget data, the deficit from January to September 2015 amounted to 1.904 billion euros, while preliminary estimates had anticipated a deficit of 3.737 billion...
Economy
Greek Budget Cash Deficit Up; January – September 2015 Compared to Same Period in 2014
Greece's central government cash balance recorded a deficit of 2.499 billion euros in the January - September period this year, compared to a deficit of 2.213 billion in the same period in 2014, the Bank of Greece said on...
Economy
Greeks Expected to Pay Additional €4.35 Billion in 2016 Budget
The 2016 state budget that was tabled in parliament on Monday includes new measures that demand an additional 4.35 billion euros from cash-strapped Greeks.
New taxes and contributions and pension cuts for 2015 and 2016 total 6.4 billion euros. More...
Economy
Greek 2016 Draft Budget Forsees GDP Contraction of 2.3 pct for this Year
The Greek Finance ministry tabled to Parliament the draft budget plan for 2016, on Monday, envisaging the government’s priorities for social justice and fiscal responsibility.
The draft budget plan foresees that the general government will present a primary deficit of...
Economy
Bank of Greece: Surplus in the Greek Budget from January – August 2015
The Greek state budget showed a primary surplus of 3.06 billion euros in the January through August period, from 2.3 billion in the same period last year, the Bank of Greece said on Monday.
The central bank, in a report...
Economy
Insurance Funds €400 Million Short in 3 Months
Insurance funds are in danger of suffocation, as in the last three months of 2014 there was a deficit of 400 million euros.
From October onwards, there is a recorded lag of 16- 17% in expected revenue, thus creating a...
Economy
Greece Sees Primary Budget Surplus for 2015
AP - Greece's government has submitted its 2015 budget to Parliament, predicting the economy will emerge from recession with growth of 2.9 percent next year.
The budget submitted Friday projected Greece's primary surplus - state income without taking into account...
Economy
Greece Reports 711 mln Primary Budget Surplus
According to provisional data on the Greek national budget, the deficit on the first five months of 2014 is 1.985 million euros, compared to 3.843 million euros on the same period in 2013. The figure surpassed the government's expectations, since the...