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deficit

Greek Government Records 954 Million Euro Deficit

Greek central government cash balance recorded a deficit of 954 million euros in the January-October period this year, compared to a deficit of 2,250 million in the same period in 2014 the Bank of Greece said on Monday. The central...

Greece Off Fiscal Target for October Showing €808 Mln Deficit

Greek state budget for the period January-October 2015 showed a 808-million-euro deficit after a preliminary estimate. However, the deficit for the same period in 2014 was 2,448 million euros, while the revised target for the 2016 draft budget is estimated...

Greek Budget Cash Deficit Up; January – September 2015 Compared to Same Period in 2014

Greece's central government cash balance recorded a deficit of 2.499 billion euros in the January - September period this year, compared to a deficit of 2.213 billion in the same period in 2014, the Bank of Greece said on...

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,...

Insurance Funds €400 Million Short in 3 Months

Insurance funds are in danger of suffocation, as in the last three months of 2014 there was a deficit of 400 million euros. From October onwards, there is a recorded lag of 16- 17% in expected revenue, thus creating a...

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...

German Deficit Spending Will Not Benefit Greece

In an interview with The Wall Street Journal, Bundesbank President Jens Weidmann claims that German deficit spending is more likely to benefit China than Greece. Growth in Greece and its subsequent financing during the fiscal adjustment period is a...

Greece Beats Budget Target

Greece continued to beat its budget targets, the Finance Ministry said Wednesday, posting a smaller-than-expected deficit for the central government in the first seven months of the year and a primary surplus three times better than targeted. The Ministry reported a...

Greek Current Account Deficit Down in Jan-May

Greece's current account deficit dropped by 832 million euros in the January-May period this year to 2.5 billion euros, the Bank of Greece (BoG) said on Monday. In a report, the central bank said that the current account balance in May...

Insurance Funds Lost 33 Billion Euros During Crisis

Greek Social Security Funds (POPOKP) 30th Congress of Employees, presented figures which show that social security funds in the country have recorded losses of 33 billion euros during the past six years of the financial crisis . At the same...