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primary surplus

Greek Govt VP and German FinMin: Political Stability Is Key for Greek Economy

To the reforms and the progress Greece has made during all this time, referred the German Finance Minister, Wolfgang Schaeuble, after his meeting with Greek government Vice President and Foreign Minister Evangelos Venizelos, earlier this afternoon in Berlin. "Greece has gone...

Greece Reports 2.654 Bln Euros Primary Surplus for Jan-Oct

The Greek government on Tuesday reported a primary surplus of 2.654 billion euros in its state budget in the January-October period this year. In a report on final budget execution data on a revised cash basis for the January-October period,...

Greek Primary Surplus Rises to 2.5 Billion Euros

The Greek Finance Ministry said on Tuesday that during the first nine months of the year (January–September) the primary budget surplus is 2.532 billion euros, sharply up from the budget target for a surplus of 1.551 billion, but slightly down...

Greece's Primary Surplus Beats Target

The Greek government announced on Tuesday that the country has achieved a primary surplus of 2.5 billion euros, or 1.4% of gross domestic product, between January and September. Alternate Finance Minister Christos Staikouras stated that the primary surplus has surpassed the target...

Troika Leaves Athens With No Agreement Reached

The Greek state's last meeting of the first round of negotiations with the heads of the troika is currently underway at the Finance Ministry. The heads of the troika are expected to leave Athens later in the day and return...

Draft Budget Tabled in Parliament

The draft budget currently tabled in parliament does not include a reduction in tax rates. It does, however, include a 1 billion euro increase in revenues. It also foresees a reduction in unemployment rates and sets the primary surplus...

Greece 's Primary Surplus to Reach 2.9 % In 2015

The government will aim for a primary budget surplus of 2.9% next year, just shy of the 3% target set out under the bailout agreement, says the deputy finance minister. The target is part of a 2015 draft budget that...

Greek Govt and Troika Agree on Budget

In a meeting with Greece 's international creditors on Saturday, the Greek government finalized the 2015 budget. According to Finance Ministry officials, the primary surplus target was set "very close to 3% of GDP" with no new austerity measures needed. The...

Greece Reports 2.5-bln-euro Primary Surplus in Jan-Aug‏

Greece reported a primary surplus of 2.5 billion euros in the January-August period, sharply up from a primary surplus of 1.2 billion euros in the corresponding period last year, the Finance Ministry said in an announcement. The announcement noted that...

Greece Reports 3.2 bln Euros Primary Surplus in Jan-July

The Greek government on Wednesday reported a primary surplus of 3.2 billion euros or 1.8% of GDP, in the January-July period this year, from a primary surplus of 1.8 billion or 1.0% of GDP in the corresponding period of 2013. According...