Greece
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State budget

2019 Greek Budget Records Primary Surplus of Almost €5 Billion

The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the Finance Ministry said...

Greek Gov't Cuts Down on Public Investments to Pay Social Dividend

The Greek government has frozen the Public Investments Program in order to pay the social dividend worth 1.4 billion euros promised by Prime Minister Alexis Tsipras, a Kathimerini newspaper report says. Based on figures for the January-October period provided by...

Greek Parliament Budget Office Rings Warning Bell over Timely Completion of Third Review

The Greek Parliament Budget Office warns that if the government postpones the completion of the third evaluation of the bailout program for 2018, Athens will fail to meet the budget targets for next year. Head of the Budget Office of...

All Greek Taxpayer Groups Declare Lower Incomes for 2016

Finance ministry data for the 2016 tax statements show that all taxpayer groups have declared lower incomes, compared to the 2015 statements. As a result, state revenues will be lower than expected, a fact that will affect the annual state...

High Taxes Cause Drop in Revenues as they Lead to Tax Evasion

The data breakdown from this year's tax returns so far confirm what Greece's finance ministry officials were afraid all along: Declared income from freelancers dropped by 20%, compared to last year. According to a Kathimerini newspaper report, the tax burden...

Greek Budget Shows Primary Surplus of 1.842 Billion Euros in January-May

The Greek state budget showed a primary surplus of 1.842 billion euros in the January-May period, up from a primary surplus of 1.456 billion in the same period last year and a budget target for a surplus of 1.050...

Greek Economy Set to Grow by 2.7% Under Budget Plan

The Greek state budget for 2017 envisages an economic growth rate of 2.7 percent and a primary surplus of 1.80 percent, slightly higher than a target of 1.75 percent of an economic policy program. The 2017 draft budget tabled to...

Greece Shows €3.5 Bln Primary Surplus in First 7 Months

The Greek government has achieved a 3.5 billion euro primary surplus in the first seven months of 2016, exceeding the target of 2.7 billion euros. According to data from the finance ministry, the primary surplus is a result of freezing...

2,282 mln Euro Primary Surplus in May 2016, FinMin Says

According to the data available for the execution of the State Budget on a modified cash basis, the Greek State Budget balance for the period of January - May of 2016 presented a deficit of 814 million Euros, against...

Greek State Owes €6 Bln to Businesses and Individuals

  The Greek state budget until end of October does not include payment of debts to individuals and private businesses that amount to 6 billion euros and estimated to reach 7 billion by the end of 2015. Based on the bailout agreement...