Wednesday September 3, 2014 Search
Weather | Athens
28o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
November deficit data beat target

By Sotiris Nikas

The primary deficit of the state budget amounted to just 1.4 billion euros in the first 11 months of the year, which is 2.1 billion euros smaller than the original target, Finance Ministry figures show.

The deficit has been contained to such a great extent due to the non-disbursement of funds for the Public Investment Program and the building up of state arrears. However, the biggest problem remains the funding of social security funds as all of them had already used up their budget allocation for the year by end-November.

Despite the satisfactory picture of the budgets execution, which has been better than forecast, there is still much we have to do, Alternate Finance Minister Christos Staikouras stated. He added that with the state economy stabilizing and the climate for Greece abroad improving, the fiscal adjustment is being implemented and the economy restarted.

It is worth noting, though, that the measures which saw the special consumption tax for diesel and for heating oil leveled has not brought in the expected revenues, as energy goods tax revenues in November amounted to just 353 million euros, compared to 389 million in November 2011.

ekathimerini.com , Wednesday December 26, 2012 (19:10)  
Helexpo sell-off plan to be ready by mid-October
Maniatis talks energy with Washingtons man in Athens
Task force to examine cases of extreme taxation, customs issues
Hotels hike prices by 10 pct in H1 of 2014
Report points to suspicious clinic charges to EOPYY
A quarter of all the expenses submitted last year by private health clinics to EOPYY, the countrys largest healthcare provider, have been deemed suspicious and in need of further investigat...
New rector seeks to introduce ID checks at University of Athens
One day after his swearing-in ceremony was marred by protests against budget cuts and the expulsion of thousands of so-called eternal students, the new rector at the University of Athens, Th...
Inside News
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Poise matters
A politician who wishes to demonstrate that he is a leader needs two fundamental characteristics: poise and the ability to rely on his instinct. Poise has been a prerequisite since long befo...
EDITORIAL
The right decision
A year ago, when former Health Minister Adonis Georgiadis announced that auditing companies were set to begin investigating expenses submitted by certain private health clinics to social sec...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Helexpo sell-off plan to be ready by mid-October
2. Maniatis talks energy with Washingtons man in Athens
3. Task force to examine cases of extreme taxation, customs issues
4. Hotels hike prices by 10 pct in H1 of 2014
5. Pension system nears breaking point
6. Report points to suspicious clinic charges to EOPYY
more news
Today
This Week
1. Poise matters
2. The right decision
3. Politicized archaeology
4. Rain and storms with hail expected in many parts of Greece
5. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
6. New committee formed to assess progress of deregulation in closed-shop professions
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.