Greece
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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...

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...

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...

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...

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...

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...

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...

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...

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...

Budget Office to Govt, Opposition and Troika: "Change, Or Else"

The Greek Parliament's Budgetary Office (BO), responsible for monitoring how the Greek State's budget is implemented, has issued its fourth quarter report for 2013 on the state of Greece's fiscal and structural reforms. Progress on Fiscal Reforms On the upside, the BO...