Greek Budget Deficit

Greece's budget showed a 1.022-billion-euro deficit in the January-July 2015 period, while state revenue dropped by 4.125 billion euros during the same period, according to the country's Finance Ministry figures. At the same time, the Greek government defaulted payments worth 4.4 billion...

Greek Deputy FinMin Christos Staikouras said yesterday that Greek general government budget deficit will land below the 3%-of-GDP threshold in 2013 (vs 6.3% a year ago) in headline terms, ahead of Troika forecasts calling for a 4.1%-of-GDP deficit, says Pantelakis...

Although Greece failed in 2012 to reduce its budget deficit to 5.4 percent of Gross Domestic Product (GDP), the Finance Ministry said it lowered its primary deficit by 1.1 billion euros ($1.46 billion) more than expected. The government was aiming...

Greece's state budget deficit narrowed 40% in the January to November period, in comparison with a year earlier, as steep spending cuts offset a small drop in revenues, finance ministry data showed Monday. According to the figures, the deficit narrowed...

Greece's budget deficit narrowed 42% in the first 10 months of the year on slightly higher revenues despite the country's deepening recession, Deputy Finance Minister Christos Staikouras said Saturday. The shortfall for the January to October period narrowed to €12.3...

The European Union’s top economic commissioner said euro leaders need to lock down an agreement on tackling Greece’s debt by next week as regional finance chiefs defended their response to the sovereign debt crisis. EU Economic and Monetary Affairs Commissioner...

The Greek government΄s budget deficit is expected to be equivalent to around 10% of gross domestic product this year, above an already revised target of around 9% of GDP, a senior government official said Wednesday. He added that the economy...

Greece's budget deficit is expected to hit 9% of gross domestic product this year, a Greek government official said Friday, overshooting the government's upwardly revised forecast from just one month ago. During the first cabinet meeting of Greece's newly-appointed government,...