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Greek budget

Greek Budget Primary Surplus Totals 1.33 bln Euros in Jan-April‏

Greek budget recorded a primary surplus of 1.33 billion euros on a cash basis in the January-April period this year, the Bank of Greece said on Wednesday. The central bank, in a report, said that the state budget had recorded...

Samaras Says Surplus Topped 1.5B Euros, 70% To Austerity Victims

Greek Prime Minister Antonis Samaras said the country's primary surplus - not counting interest on debt and a slew of other costs - has surpassed 1.5 billion euros ($2.03) billion, enough to stave off the need for additional aid...

Greek Budget Shows Primary Surplus of 2.778 Bln Euros Jan-Nov

The Greek budget recorded a primary surplus of 2.778 billion euros in the January-November period this year, surpassing an initial forecast for a surplus of 2.710 billion euros, including the return of profits from Greek bond holdings by European central...

Greece Set to Return to Growth Next Year, Draft Budget Predicts

Greece will have a budget surplus before interest costs in 2013, a year ahead of schedule, giving Prime Minister Antonis Samaras leverage to prod euro-area creditors for more help in lowering its debt burden. The primary surplus will rise to...

Troika Doubts Primary Surplus Claim

Throwing cold water on Greece's expectations of having a primary surplus by the end of the year - not including interest, some military expenditures, social security, municipal budgets and the cost of running state enterprises, which otherwise would show...

Greek Economy to Contract By 3.8% in 2013

Greece's economy is expected to contract by more than expected in 2013, in its sixth year of recession, according to a draft budget the government will submit to parliament Monday, under the weight of the next round of painful...

Bundesbank President: ECB Will Not Fill Greek Budget Gaps

The European Central Bank will not fill potential financing gaps in Greece's budget, Governing Council member Jens Weidmann said on Wednesday. Asked about whether Greece might need another bail-out, the president of Germany's Bundesbank told reporters after a meeting with...

German FinMin Insists on "No New Negotiations" With Greece‎

German Finance Minister Wolfgang Schaeuble said Tuesday there cannot be any new negotiations about the Greek budget consolidation and reform program agreed with the EU and the IMF. "It is clear that all conditions from the program agreed only at...

Finance Ministry Targets €2.3B Primary Surplus

Primary surplus of 1.1% of GDP, around €2.3 billion, and significant reduction in budget deficit are the two main objectives of the 2012 budget. This is determined by a ministerial order on the execution of the new budget plan, signed...

Huge Gap Of €6.9B In Jan-Nov Budget Execution

Greek State Budget has a huge gap of €6.886 billion in the January-November period, mainly due to the sharp decline of revenue, but also because of the major excess in expenditure. According to the preliminary data available for the execution...