Saturday February 28, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece posts budget surplus in 2013 at central government level

Greece's central government posted a primary budget surplus of 700 million euros last year and will also post a surplus at the more closely-watched general government level, making it eligible for further debt relief, Deputy Finance Minister Christos Staikouras said on Tuesday.

Staikouras said Tuesday that the core government's primary surplus that is, not counting the cost of paying interest on existing debt was 691 million euros ($956 million).

He said the primary surplus for overall government spending is expected to be 812 million euros ($1.1 billion). The official figure will be released in about one month.

Greece has been promised it can seek more debt relief from its euro zone partners and the International Monetary Fund that have bailed out the country, after it posts a primary surplus for a full year.

The lenders track the general government surplus - which includes local government budgets and pension funds - rather than the central government data released on Tuesday, but that data indicates Greece is on track to meet the wider target.

Greece is aiming at a 2013 primary budget surplus of about 812 million euros or 0.4 percent of gross domestic product at the general government level.

Last year's central government surplus includes bond profit returns of 2 billion euros from eurozone central banks to Athens, under the terms of its international bailout. [Reuters/AP]

ekathimerini.com , Tuesday Jan 14, 2014 (14:58)  
Piraeus plans are coming in next few weeks
Slowdown in tourism bookings from Germany
Economy grew by 1.3 pct in Q4 of last year
Govt plans tax on foreign-based funds
Tsipras unveils coalitions first bills, due next week
Prime Minister Alexis Tsipras set out on Friday his governments immediate legislative plans, while at the same time insisting he would continue to pursue debt relief and refuse to sign a th...
Berlin clears extension as lenders ramp up pressure
There was strong backing in the German Parliament on Friday for the extension of Greeces loan agreement but reports suggested that the countrys eurozone partners would continue to keep up ...
Inside News
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
SOCCER
Ten-man Olympiakos couldnt overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
Inside Sports
COMMENTARY
A breath of opportunity
We are still living in the Greece we know: The government is struggling to explain its retreat in the face of our creditors, the opposition (including dissidents in SYRIZA) smells blood, we ...
EDITORIAL
Give the green light
Foreign investment is a crucial component of economic recovery and Greece needs to start bringing it in fast. Instead, the government, like others before it, is scaring it off in a bid to sa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Spanoulis leads Olympiakos to win over Malaga
2. Piraeus plans are coming in next few weeks
3. Slowdown in tourism bookings from Germany
4. Economy grew by 1.3 pct in Q4 of last year
5. Govt plans tax on foreign-based funds
6. BoG recommends specialized entity for bad loans
more news
Today
This Week
1. Tsipras reversal draws Greek sympathy as party rumblings rise
2. Gov't official: bill reinstating ERT, rehiring staff to go to Parlt on March 5
3. German lawmakers approve extension of bailout program for Greece
4. German MPs begin debate on extending Greek bailout program
5. Restive Bundestag to approve Greek bailout extension
6. Gov't adviser suggests Greek MPs could vote on deal in separate bills
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. Greek bailout deal faces review by euro officials next week
3. Greece says eurozone deal won time as cash bled from banks
4. The ignorance of the West about the culture of Islam
5. Spain said to lead push to hold Greece to terms as Podemos grows
6. A fierce battle looms
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.