State budget

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...

A hidden deficit of 8 billion euros is threatening to blow Greece's social security funds as more than 300,000 retirees have their pension applications pending. Furthermore, the deficit may throw off the 2016 state budget, as the total expenditure for...

The 2016 state budget that was tabled in parliament on Monday includes new measures that demand an additional 4.35 billion euros from cash-strapped Greeks. New taxes and contributions and pension cuts for 2015 and 2016 total 6.4 billion euros. More...

As the number of pensioners in Greece increases rapidly, pension costs reach a 16-year high at 28 billion euros per year. While creditors press for pension cuts and a stop to early retirement, the cost of pensions puts security funds...

Greek state hospital staff has decided to go on a 24-hour strike, starting Wednesday, May 20. They also participated in a rally that took place outside the Greek Health Ministry in Athens at 12:30 pm. All public hospitals, ambulances, health centers and...

The projected primary surplus for 2014 is less than expected creating a fiscal gap in the 2015 state budget, something that may lead the Greek government to ask for a new loan. The Brussels Group, the team of technocrats representing...

On Tuesday evening, Cyprus' House of Representatives has approved the 2015 state budget that was agreed with the Troika, as the country is still under a bailout program. The budget was approved with 29 votes for and 26 against....

The Greek government needs to reach 5.7 billion euros in monthly revenue in order to meet this year’s budgetary target. The state budget implementation is considered highly critical. The Greek Ministry of Finance has stated that during the first 9 months...

At risk of being cut from this year's budget to another round of austerity measures is some 130-150 million euros ($167.5-$193.6 million) designed to provide heating oil allowances for the poor and elderly who otherwise will not be able...