primary surplus

Fiscal Gap in Greece May Lead to New €30 Billion Loan

The projected primary surplus for 2014 is less than expected creating a fiscal gap in the 2015 state budget, something that may lead the Greek government to ask for a new loan. The Brussels Group, the team of technocrats representing...

Greece's Fiscal Gap Seen as Major Problem by Visiting Technocrats

Technocrats representing the country’s creditors had the first in-depth talks with Greek government officials during the previous days in Athens. In these first “reconnaissance” contacts, the two sides focused merely on fiscal and macroeconomic issues, amid concerns that Greece...

Greece Misses Budget Revenue Target for Two First Months of 2015

Greece missed its budget revenue target during the first two months of 2015, complicating the talks with its international creditors over securing more bailout funds for its economic recovery, according to the country’s Finance Ministry data. Political uncertainty has...

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...

Greek Tax Revenue Misses Target

Greek tax revenue for the January-November 2014 period missed its target by 678 million euros, which is attributed to the significant reduction in income tax collection (at 416 million euros), according to data published by the Finance Ministry yesterday. In addition,...

Greek Primary Surplus Rose to 3.566 Bln Euros in Jan-Nov

Greece's government on Tuesday announced a primary budget surplus of 3.566 billion euros in the January-November period, up from 2.778 billion in the same period last year and a 2015 budget target of 2.875 billion euros. A Greek Finance Ministry...

PM Samaras: 'Political Uncertainty in Greece Will be Resolved'

Arriving for a EU leaders' summit taking place in Brussels on Thursday, Prime Minister Antonis Samaras expressed his conviction that Greek politicians would finally resolve current instability and not place the country's achievements and sacrifices at risk. "I am not...

Greek Primary Surplus Target at Risk

A drop in tax collection and political uncertainty has made the target of 8.43 billion euros in state revenue very hard to attain, therefore putting the primary surplus target at risk. The target for the 2014 primary surplus was to have...

Greece Reports 3.5-Bln-Euro Primary Surplus in Jan-Nov

Greece on Friday reported a primary budget surplus of 3.5 billion euros in the January-November period, from a primary surplus of 2.8 billion euros in the same period last year and up 660 million euros compared to set target. According...

Greek Govt VP and German FinMin: Political Stability Is Key for Greek Economy

To the reforms and the progress Greece has made during all this time, referred the German Finance Minister, Wolfgang Schaeuble, after his meeting with Greek government Vice President and Foreign Minister Evangelos Venizelos, earlier this afternoon in Berlin. "Greece has gone...