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Greece

Greek State Budget Surplus Up by €1 Billion Compared to First Quarter of 2018

The Greek state budget recorded a primary surplus of €1.85 billion in the first quarter of 2019, up from a surplus of €840 million in the same period last year, the Bank of Greece said in a report released...

Greek Plan Vows to Keep Budget Surplus at 3.5% of GDP Until 2022

  Greece has vowed to keep its primary budget surplus -- the balance before debt servicing -- at 3.5 percent of GDP until 2022 according to a document released describing the country's post-bailout strategy. The 106-page document, which was presented at...

Greece Sees €2.3B Budget Surplus in Q1 2018

Greece's state budget primary surplus totaled €2.320 billion ($2.873 billion) in January-March this year, up from a budget target for a primary surplus of €1.096 billion and a primary surplus of €1.070 in the same period last year, the...

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 Posts Budget Surplus of Over €2.7B

Greece's state budget showed a primary surplus of over €2.7 billion ($3.4 billion) in the January-February period, the country's finance ministry said on Wednesday. This is up from a budget target for a primary surplus of €1.3 billion and a...

Spending Restrain Leads to Greek Jan-Nov Govt Budget Surplus Beating Target

A strong restrain in spending, a recipe the Greek government has been following blindly for the past two years, is the main reason the budget surplus has beaten its target so far. Greece’s central government attained a primary budget surplus...

Government Policy to Overshoot Primary Budget Surpluses

The Greek government expects to overshoot its budget surplus targets for a third consecutive year in 2018, a senior government official said on Monday, an outcome that could help ease the austerity burden imposed on a recession-weary population. In a...

Jan.-Sept. Greek Primary Budget Surplus at €4.5 billion, Slightly Below Target

Greece's primary budget surplus of 4.5 billion euros (£4 billion) in the first nine months of the year, is slightly below target due to lower tax revenues, finance ministry data showed on Monday. The government's target was for a primary...

Seven-Month Government Budget Surplus Beats Target

The Greek central government attained a primary budget surplus of 3.05 billion euros in the first seven months of 2017, beating its target by 955 million euros thanks to lower spending, finance ministry data showed on Monday. The central government...

Germany Must Back Down on High Budget Surplus, Greece Says

The agreement of the Eurogroup was the most crucial step for the conclusion of the programme review, government spokesman Dimitris Tzanakopoulos on Tuesday said during a press briefing. He accused main opposition New Democracy of not being affected by...

FinMin Figures Show Primary Budget Surplus Climbed to €7.416 Billion for January-November

On Thursday the Finance Ministry released figures explaining the current standing with the primary budget surplus. According to their publishing, the first 11 months of 2016 saw a primary budget surplus climb to 7.416 billion euro. The climb of the...

Greek Economy Expects Budget Surplus in its First Rebound Since Crisis Began

A Greek government official says that Greece predicts 2.7 percent in economic growth for next year for its first rebound after a seven-year recession. The source, familiar with Greece's 2017 draft budget that is to be tabled in Greek...

Hopes For Greek Budget Surplus Shattered By IMF's Chief Economist

The International Monetary Fund's chief economist Olivier Blanchard destroyed any hopes left about a potential Greek budget surplus in 2015 during his interview in the French financial newspaper Les Échos at a central bankers' meeting in Sintra, Portugal on Monday. Although Greece...

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...

Greece Sees Primary Budget Surplus for 2015

AP - Greece's government has submitted its 2015 budget to Parliament, predicting the economy will emerge from recession with growth of 2.9 percent next year. The budget submitted Friday projected Greece's primary surplus - state income without taking into account...