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Tag Archives: primary surplus

Greece’s primary budget surplus in 2017 at 4.14% of GDP

Greece’s primary budget surplus reached 4.14 percent of gross domestic product last year, based on the terms of the country’s economic adjustment program, according to Finance Ministry officials. Earlier, the Hellenic Statistical Authority said in a report that the Greek general government recorded a primary surplus of 3.9 pct of …

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Greece budget primary surplus reaches €3.15billion in Jan-Aug 2018

Greece’s state budget showed a primary surplus of 3.157 billion euros in the January-August period, down from a primary surplus of 3.544 billion euros in the same period last year, but up from a budget target for a surplus of 917 million euros. The Finance Ministry, in an announcement, said …

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Greece’s primary budget surplus reaches €3.1bn Jan-Aug 2018

The primary budget surplus of the Greek state shows a significant over-performance compared to the terms of reaching the annual goal. According to provisional finance ministry data released on Friday, the primary surplus reached 3.139 billion euros in the first eight months of 2018. The goal dictated by creditors was …

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Greece’s state budget exceeds primary surplus target in Jan-July

Greece’s state budget recorded a primary surplus of 2.087 billion euros in the January-July period, up from a budget target for a surplus of 929 million euros, the Finance Ministry said on Tuesday. However, it was down from a primary surplus of 3.024 billion euros in the same period last …

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Commission Forecast 2018 revises down Greece’s growth

The European Commission Spring Forecast has revised down Greece’s growth in 2018 to 1.9% from 2.5% and for 2019 to 2.3% from 2.5%. The revision followed a smaller than expected growth rate last year. For next year, the EC projects a 2.3 percent growth rate for Greece, lower than its …

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Greece’s general gov’t records primary surplus at 4% of GDP

The Greek general government recorded a primary surplus of 4.0 pct of GDP, far beyond  expectations. According to Greek Statistics Authority, ELSTAT, the general government primary surplus is at 4.0 pct of GDP  or 7.080 billion euros, in 2017, up from a surplus of 3.9 pct or 6.709 billion euros …

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IMF revises projections for growth, primary surplus and unemployment in Greece

The International Monetary Fund has revised, downwards, its forecast for GDP growth in Greece for 2018, to 2 percent, down from 2.6 percent that it had forecasted last autumn and further down from 2.3 percent given by the Greek government for the current year. The forecast was included in the …

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153 MPs approve Greece’s Budget 2018 with new austerity measures

Greece’s parliament on Tuesday approved the 2018 state budget, which includes further austerity measures beyond the official end of the country’s third international bailout next summer. All 153 lawmakers from the left-led governing coalition backed the budget measures in a late vote, while the 144 opposition lawmakers present rejected them. …

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Greece’s budget records a primary surplus of € 5.331 in Jan-Oct 2017

Greece’s budget recorded a primary surplus of € 5.331 billion in January-October 2017, compared with a primary surplus of € 4.859 billion in the corresponding period of 2016 and a target of a primary surplus of € 2.752 billion. This is apparent from the state budget execution figures for January-October …

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Greece’s Jan-Sept primary surplus slightly below target due to lower revenues

Greece’s central government attained a primary budget surplus of 4.5 billion euros in the first nine months of the year, slightly below target due to lower tax revenues, finance ministry data showed on Monday. The government’s target was for a primary budget surplus – which excludes debt-servicing costs – of …

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IMF trolls Greece claiming ‘it does not ask for extra austerity measures’

The International Monetary Fund insists on additional austerity measures and reiterates that the primary surplus of  3.5 percent of GDP cannot be achieved. In its Greek report published on Thursday, the IMF projects a primary surplus of 2.2% of GDP in 2018. IF the IMF’s forecast is not revised, Greece …

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Greece’s draft budget sees primary surplus 3.57% of GDP in 2018

Greek state budget will record a primary surplus of 3.57 pct of GDP, or 6.671 billion euros, according to the draft budget plan tabled to Parliament on Monday. The draft budget also envisages a significant surpass of an 1.75 pct target for the primary surplus of 2017, which will be …

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Monster Midterm Plan 2018-2021 in Greek Parliament, austerity €4.9billion

The omnibus bill and midterm plan for 2018-2021 has been submitted to the Greek Parliament. The relevant parliamentary committees are to examine 941 pages containing measures for fiscal targets and so-called reforms, the mid-term fiscal strategy framework and other provisions, before the plenary will vote it on Thursday, May 18 …

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IMF warns no Greek deal without a ‘credible strategy on debt sustainability’

The International Monetary Fund’s discussions on Greece’s debt are ongoing and no deal has been reached, IMF spokesman William Murray said on Thursday. At the same time, Murray warned that there will be no Greek deal without a credible strategy on the Greek debt and that the Fund will not …

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