primary deficit
Economy
Greece Projects Slower Growth for 2023
The economy of Greece will grow at a slower pace in 2023 after a strong rebound this year largely fueled by the tourism sector. The country's economic output is seen increasing by 2.1% next year from 5.3% this year,...
Economy
Greece’s Growth Higher than Forecast; Budget Deficit Lower
UBS, the Swiss-based investment bank has considerably raised its growth forecast for Greece’s gross domestic product (GDP) for 2022 while the finance ministry in Athens announced a much lower primary deficit than expected.
UBS raised its estimate to 5.7 percent...
Economy
Greek Budget Revenue Surpassed Targets in 2015
The Greek government surpassed a medium-term program target for a primary deficit of 0.25% in 2015 and was very close to recording a primary surplus for the year, after revenue surpassed targets by approximately 2 billion euros in the last...
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
Greece Could Miss Target On Bailout Actions; More Austerity Ahead
The Greek government could soon be under pressure to consider additional reforms and measures to achieve the agreed fiscal targets of the bailout deal, Greek media reports.
The representatives of Greece's international creditors are currently in Athens in preparation of Friday's parliament vote...
Economy
Greek State Debt to Individuals Rises to €5.1 Billion
The debts of the Greek State to suppliers, service providers, security funds and individuals continue to mount and they have reached 5.1 billion euros, according to the finance ministry.
The budget implementation figures given by the ministry show a debt...
Economy
Primary Budget Surplus High, But Security Funds Strapped for Cash
The primary budget surplus for the period January-November 2014 more than doubled from last year, however, social security funds are showing a significant deficit.
According to figures released by the Ministry of Finance Thursday, the social security pension fund deficit...
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...