Tuesday April 28, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Series of surpluses just started

 After recording a positive result in the 2013 budget by 3.38 bln euros, Athens expects lightening of debt

By Sotiris Nikas

Greece’s primary budget surplus last year came to 3.38 billion euros, according to figures that the Hellenic Statistical Authority (ELSTAT) forwarded on Monday to Eurostat, which is set to confirm the data on April 23, paving the way for the adoption of extra measures to lighten Greece’s debt load.

Technically, ELSTAT’s calculation points to a primary surplus of 1.4 billion euros, as the country’s statistics agency has used the troika inspectors’ method of determining revenues, but this changes nothing about the so-called social dividend that the government has said it will distribute to taxpayers.

The primary balance of the general government’s budget for 2013 had a deficit of 15.89 billion euros, but that also included the one-off support given to banks amounting to 19.27 billion euros. This means that when the banks’ effect is taken out the primary surplus amounts to 3.38 billion and Eurostat is expected to confirm that unreservedly.

Alternate Finance Minister Christos Staikouras stated on Monday that the figures formally confirmed “the estimates and the forecasts of the government for a primary surplus in 2013.” A senior ministry official said that what really matters is that Greece has entered an extended period of primary surpluses, while Staikouras added that what the country needs now is “the further enriching of the economic policy with actions and initiatives toward growth.”

Indeed primary surpluses appear to be persisting, with the first quarter of this year also showing that budget revenues have exceeded expenditure by 1.56 billion euros, against a target for 878 million euros, Finance Ministry data showed yesterday.

This was despite a revenue shortfall amounting to 720 million euros, which is mostly attributed to a 364-million increased in tax rebates, and the extension granted to the payment of corporate taxes adding up to 250 million. The latter will not be paid before May. Budget net revenues added up to 10.6 billion euros in the year to end-March, missing their target by about 6.3 percent, the data revealed.

ekathimerini.com , Monday April 14, 2014 (22:19)  
Nicosia raises 1 bln euros in second post-bailout issue
Greek bonds rise as country resumes compromise efforts
ATHEX: Fifth day of gains for local stocks
Discreet Tsakalotos tapped to salvage troubled Greek loan talks
Athens police question father of missing girl
Police in Athens on Tuesday were questioning a young man believed to be the biological father of a 4-year-old Bulgarian girl who went missing in the area of Omonia, central Athens, on April ...
Athens judge jails arsonist for seven years
An Athens court on Tuesday handed a seven-year sentence to a 40-year-old man after finding him guilty of starting two fires in forestland near Vyronas, eastern Athens, for the fun of it, las...
Inside News
BASKETBALL
Rethymno defeats in-form AEK on Crete
AGO Rethymnou put an end to a positive string of results for in-form AEK, while PAOK survived a strong challenge by Kolossos Rhodes in Thessaloniki in yet another exciting weekend of basketb...
SOCCER
Panathinaikos beats Xanthi to rise to second
Panathinaikos jumped back up to the second spot of the Super League after its home win over Xanthi on Saturday, as PAOK slumped to third due to its draw at home with PAS Giannina on Sunday. ...
Inside Sports
COMMENTARY
The Good, the Bad and the Ugly
It is so exhausting and unpleasant for average Greek citizens to keep hearing for weeks now that the country’s cash reserves will run out in two months, one month, next week, and especially ...
EDITORIAL
Better late than never
Three precious months were lost in the government’s negotiations with the country’s international partners and creditors, as some of its officials wasted time on their own self-promotion, ha...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nicosia raises 1 bln euros in second post-bailout issue
2. Greek bonds rise as country resumes compromise efforts
3. Athens police question father of missing girl
4. Athens judge jails arsonist for seven years
5. Top prosecutor says Ilia fire sentences should be upheld
6. Relic of St Barbara to travel from Italy to Greece
more news
Today
This Week
1. The Good, the Bad and the Ugly
2. Creditors to demand extra measures of 3 bln euros
3. Plan on the cards for flat VAT rate of 18 pct
4. Greek PM says people may have to rule on creditor deal [Update]
5. Greek PM says initial deal in bailout talks 'very close'
6. No trolley buses from 11 a.m. to 4 p.m.
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Denialism
3. Europe's collision course with Greece
4. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
5. Leaving the past in the past
6. Greece’s day of reckoning inches closer as debt payments loom
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.