primary surplus

Greek State Misses January to August Budget Revenue Target by 11.9%

The Greek Finance Ministry announced that the revenues for the Greek state between January and August were 30.765 billion euros, which amounts to a 4.153 billion euro shortage in comparison to the Greek budget's initial target. As the finance ministry's report explains, 1.724...

Greek Budget Exceeds Surplus Target for First Half of 2015

Greece's State Budget Primary Balance amounted to a surplus of 3,712 million euros, against the primary surplus target of 2,988 million and the primary surplus of 2,279 million performed on the same period last year. State Budget net revenue amounted to 26,874 million euros,...

Greece's Budget Shows 13.4% Shortfall in January-July

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 Budget Cash Deficit Down in H1‏

Greece ’s central government cash balance showed a deficit of 1.851 billion euros in the first half of 2015, down from a deficit of 1.918 billion in the same period last year, the Bank of Greece said. The central bank,...

Outstanding Greek State Debt Up 32% in 5 Months, Exceeding €5 Billion

The outstanding Greek state debt went up 32% in the first five months of 2015, exceeding 5 billion euros, according to Greece's Finance Ministry figures released on Thursday. At the end of May, the total state debt to suppliers of goods...

Greek FinMin Varoufakis: "Europe Does Not Want 'Grexit'"

In an interview with BBC radio 4, Greek Finance Minister Yanis Varoufakis noted that Greece’s European partners will not eventually let the country leave the Eurozone. "German Chancellor Angela Merkel is not even considering the possibility of a Grexit," he...

Greek Govt: France, Germany Agree to Ease Budget Targets in Debt Deal

Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande agreed on the need to find a solution quickly in the ongoing negotiations during separate telephone conversations on Wednesday, Greek government sources said. The three leaders also...

Zero Deficit Clause in Greek Pensions Not Repealed, but Suspended

Social Security General Secretary Giorgos Romanias stated that the zero deficit clause in supplementary pensions will not be repealed, but it will be suspended indefinitely. Romanias spoke to Greek television on Monday saying that the Greek government has decided to...

Greek PM Tsipras: No More Recessionary Measures, We'll Meet Our Obligations

The newly elected Greek Prime Minister Alexis Tsipras appeared satisfied with the European Union summit’s outcome, saying it was positive for Greece. As he further highlighted in a press conference held today in Brussels, the SYRIZA-led Greek government is...

Greek Revenues Collapse in First Two Months of 2015

The Greek state budget primary surplus recorded a significant drop to just 503 billion euros in the first two months of 2015, compared to a surplus of 1.68 billion euros in the corresponding period last year. Moreover, the state budget...