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deficit

Bank of Greece Insists on 4.2% Economic Growth for 2021

The Bank of Greece (BoG) said on Monday that economic growth will reach 4.2 percent this year, as it had also forecast in its previous report

UN Struggling with $230 Million Deficit; May Run Out of Money, Guterres Warns

The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and the global organization may run out of money by the end of October. In a letter intended for the 37,000 employees of...

EU Commission Recommends Greece Removal From Deficit Blacklist

The European Commission on Wednesday recommended closing the Excessive Deficit Procedure for Greece, saying the three times bailed-out country has made substantial efforts in recent years to consolidate public finances. EU rules demand that governments keep their budget deficits within...

Greek Current Account Deficit Down in Jan-Feb

In February 2017, the current account showed a deficit of €937 million, up by €109 million year-on-year. This development is attributable to an increase in the deficit of the balance of goods, which more than offset a rise in...

1.114-Million-Euro Deficit for Greece From January-September

Greece's central government cash balance recorded a deficit of 1.144 million euros in the period from January-September 2016, compared to a deficit of 2.499 million in the same period in 2015 according to figures by the Bank of Greece...

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...

Greece's Current Account Balance Shows 1.4 Billion-Euro Surplus in July

Greece's current account balance showed a surplus of 1.4 billion euros in July, down by 1.1 billion year-on-year, the Bank of Greece said on Tuesday. The central bank, in a monthly report, attributed this development to an increase in the...

Bank of Greece Date Reveals Significant Deterioration in Country’s Current Account

Greece recorded a Current Account deficit of 742 million euros in January 2016, according to data released by the Bank of Greece. The current account deficit of 742 million euros recorded for January 2016 is bigger by 461 million euros...

Current Greek Account Balance Shows Surplus in Jan – Oct Period

Ιn October 2015, the current account showed a surplus of 314 million euros, against a deficit of 456 million euros in the same month of 2014, the Bank of Greece said on Monday. This improvement is mainly attributable to a...

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...