Greece
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Greek budget

No Need to Cut Pensions, Says EU Commission Vice President

Greece will meet the 3.5 percent primary surplus target for 2019 and therefore no pension cuts will be needed, said European Commission Vice President Valdis Dombrovskis on Thursday. He spoke in response to a question posed by the Greek Member...

EU Approves Greek Budget, No Pension Cuts, PM says

Greece's Prime Minister, Alexis Tsipras, announced on Saturday that the European Union’s executive approved Greece’s first post-bailout budget without the requirement of implementing legislated pension cuts. Tsipras referred to the approval of the Greek budget as a "success," as he...

Report Claims Greece Will See Higher Primary Surplus in 2018

The Greek state budget will show a primary surplus of more than 3.5 percent of GDP in this year, from 3.3 percent in 2017, as the country continues its positive fiscal performance in 2018, the Hellenic Fiscal Council said...

Greece Records €843M Budget Surplus

The Greek state budget recorded a cash surplus of €843 million ($1 billion) in the January-February period this year, from a surplus of €1.592 billion in the corresponding period in 2017, the Bank of Greece said on Monday. The central...

Primary Surplus and Revenue Targets Surpassed Again in January, Finance Ministry Reports

The Greek state budget primary surplus was 1.012 billion euros in January 2017, exceeding a target of 670 million euros and ending marginally higher than the January 2016 surplus of 1.003 billion euros, according to provisional budget execution figures...

Greek Coalition Passes 2017 Budget in Parliament

The SYRIZA-ANEL coalition managed to pass the 2017 budget in parliament 152-146, with two lawmakers absent in the 300-member Parliament, as all opposition parties voted against. The vote on a budget in most cases is also a vote of confidence...

2016 Budget Revenues Surpassed Targets by 2.44 Bln Euros, November Figures Show

Budget revenues again surpassed targets in November by 2.44 billion euros in the January-November period, according to official figures released on Tuesday. The Public Revenue Secretariat General, in provisional figures on budget execution, said net revenue in November totaled 4.544...

Greek Budget Shows 6.502 bln Euros Primary Surplus in January-October

The Greek state budget recorded a primary surplus of 6.502 billion euros in the January-October period, from a primary surplus of 4.532 billion in the corresponding period in 2015 and a budget target for a primary surplus of 3.572...

Greek Budget Records 2.47-Billion-Euro Surplus in First Semester of 2016

The Greek state budget recorded a primary surplus of 2.47 billion euros in the first semester of 2016. The same six-month period last year recorded a primary surplus of 1.884 billion euros, surpassing the budget target for a primary...

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...