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surplus

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...

Bank of Greece Forecasts 1.9% Growth for 2019 and Lower Primary Surplus

The Bank of Greece published its interim report on Monetary Policy on Monday, where it highlights some interesting projections for the future of Greece’s economy. The central bank estimates that the country's gross domestic product (GDP) will grow by 1.9...

Greece Challenges Creditors as PM Tsipras Vows to Lower Surplus Targets

Greece's European creditors reminded the Greek government of Alexis Tsipras that it has agreed to a primary surplus of 3.5 percent from 2020 to 2022. Their remarks were made after the Greek premier on Tuesday set the country's annual...

Greece Mulls Tax Cuts as it Records Whopping Surplus

The Greek government's economic team is examining a package of tax relief measures, following the nation earning a record 4.4 percent primary surplus for the year 2018. According to data released on Tuesday by the country's Statistical Authority (ELSTAT), in...

IMF on Greece: 3.5 pct Primary Surplus, No Pension Cuts Postponement

The International Monetary Fund (IMF) released its renewed Fiscal Monitor for October. There, the fund revised Greece’s 2019 growth rate upwards and accepted that it made a mistake regarding the last year's Greek primary surplus. The IMF had predicted that Greece...

Greece's Primary Surplus Well Above Target, Data Shows

During the period between January and August 2018, the General Government of Greece achieved a primary budget surplus of €3.14 billion ($3.67 billion), thanks to higher-than-expected revenues and lower spending. The Government’s budget was expected to have a primary deficit...

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...

Greece Foresees 3.82 Percent Primary Surplus, 2.5 Percent Growth for 2018

The Greek 2018 state budget tabled on Tuesday night in Parliament foresees that the country will return to capital markets next year to strengthen liquidity in the secondary bond market. The budget plan envisages, among others, a new series of...

Tsipras: Greece's Surplus will be Distributed to Those in Need

Greece's surplus will be distributed to those most in need, Prime Minister Alexis Tsipras said during his speech at the 5th regional conference on productive reconstruction held at Ioannina, northwestern Greece. According to estimates, he said, Greece will have the...