Tuesday September 16, 2014 Search
Weather | Athens
28o C
21o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Primary surplus in Jan-Nov 2013 exceeds 2.5 bln euros

State General Accounting Office data showed that the primary surplus of the social security organizations and hospitals stood at 2.1 billion euros in the year to end-November.

The primary surplus of the budget for the January-November 2013 period soared to 2.55 billion euros based on the terms used in the country’s bailout deal, while the state has approved the repayment of 6.8 billion euros of its expired debts to the private sector, according to data released on Tuesday by the Finance Ministry.

On a cash basis, the surplus in the first 11 months of last year came to 4.7 billion euros, but that also includes the budget revenues from the Eurosystem amounting to 2.18 billion euros that Greece’s creditors do not take into account. Originally, the plan for 2013 had been for a zero primary surplus.

This particularly good picture regarding the execution of the budget is mostly attributed to figures concerning the social security funds. State General Accounting Office data showed that the primary surplus of the social security organizations and hospitals stood at 2.1 billion euros in the year to end-November.

The ministry estimates that last year signaled the start for the repayment of the state’s debts to the market and laid the groundwork for the smallest possible creation of new debts. Notably, the target included for 2013 in the 2014 budget was for the repayment of debts of 6.6 billion euros of expired debts, so the target was beaten by some 200 million euros. Still, the market has only collected 6.2 billion euros of that to date, due to bureaucratic delays.

Accounting Office data showed that the sum of expired state debts at end-November amounted to 5.8 billion euros, including tax rebates that were not paid out. This may be considerably smaller than the 9 billion euros at the start of 2013, but it remains too high a figure and the ministry admits that efforts have to intensify for the state to repay all of its debts to the private sector, and for certain state entities that continue to amass new debts to improve their performance.

ekathimerini.com , Tuesday Jan 7, 2014 (21:48)  
Yield eases in fresh Greek T-bill sale
S&P demotion sends Greek stocks lower
Tripoli´s military airport in Peloponnese to be opened to passenger traffic
Pension review has saved state 42 mln euros, alternate finance minister says
Court extends detention for Fyssas killer
As prosecutors make the final preparations for a criminal trial against dozens of members of Golden Dawn, the Council of Appeals Court Judges on Tuesdsay ruled to extend by an additional six...
Lagarde ‘death threats’ may be probed
Judicial authorities are expected to launch an investigation into claims by International Monetary Fund Managing Director Christine Lagarde that she received death threats after pushing for ...
Inside News
SOCCER
Olympiakos, Atletico gear up for Champions League opener
A rousing 2-1 La Liga victory at Real Madrid on Saturday may suggest otherwise, but Atletico Madrid is still rebuilding after losing several key players in the close season, coach Diego Sime...
WATER POLO
Greece wins women´s U19 Europeans in water polo
Greece won the women’s European Under-19 Championship in Italy beating the host in Sunday’s final, for what was the country’s second gold medal in the competition’s history. The Greek teenag...
Inside Sports
FOCUS
Democracy´s many guises and challenges
The wilting Arab Spring, conflict in Ukraine, slaughter in Iraq and Syria, citizens not trusting their governments and Europeans losing their enthusiasm for the Union – most places you look ...
COMMENTARY
Lessons not learned
One year since the assassination of rapper Pavlos Fyssas by a member of Golden Dawn in Keratsini, southwestern Athens, we now know a lot more about the activity of the neo-Nazi party’s hit s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Yield eases in fresh Greek T-bill sale
2. Court extends detention for Fyssas killer
3. Lagarde ‘death threats’ may be probed
4. S&P demotion sends Greek stocks lower
5. Athens promised 27-km cycle lane by end of 2015
6. Pensions of 60 Greeks halted after they refuse to give AMKA numbers
more news
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. Lessons not learned
3. Promises, promises
4. Golden Dawn candidate found guilty of inciting racist violence
5. PM to inaugurate new surgery wing at Evangelismos Hospital
6. Thessaloniki woman arrested for cashing in dead aunt's pension
Today
This Week
1. A Greek God
2. Greece on standby
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. Pavlos Fyssas murder trial expected to start before the end of the year
6. EU bank tests may miss trillion dollar risk, study finds
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.