Primary budget surplus
Business
S&P Upgrades Rating Outlook on Greece to Positive
American credit rating agency S&P Global Ratings upgraded Greece’s sovereign credit rating outlook to positive on Friday.
S&P affirmed Greece’s rating at “BB+”, that is one notch below investment grade, given also the uncertainty the upcoming general election generates.
However its...
Economy
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...
Economy
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...
Economy
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...
Economy
Greece Has Nearly 2 Bln Euro Budget Deficit Between January and September 2015
The Greek Finance Ministry has revealed the extent of the Greek budget deficit for the first nine months of 2015.
According to the budget data, the deficit from January to September 2015 amounted to 1.904 billion euros, while preliminary estimates had anticipated a deficit of 3.737 billion...
Economy
Greece’s Creditors Request 3-Billion-Euro Budget Cuts
There have been major developments in the negotiations between Greece and its creditors so that the two parties can reach an agreement as soon as possible, reported Bloomberg.
According to the international agency, which cites information from a European official,...