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Athens News Agency: News in English, 12-01-25

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] PM Papademos on PSI negotiations
  • [02] Greek 2011 state budget deficit down, yr/yr

  • [01] PM Papademos on PSI negotiations

    AMNA--Prime Minister Lucas Papademos, speaking to reporters on the sidelines of the reception in honour of the diplomatic corps hosted at the Presidential Mansion on Tuesday evening, expressed optimism over a favourable conclusion of negotiations for the PSI. amna

    "We shall have a positive conclusion by the end of the week," Papademos said. Asked whether the head of the International Institute of Finance (IIF) Charles Dallara will return to Athens, he said "it will be his last visit, although, the agreement being concluded from a distance cannot be excluded."

    [02] Greek 2011 state budget deficit down, yr/yr

    AMNA / Greece's state budget deficit totaled 21.726 billion euros in 2011, marginally up from a target envisioning a deficit of 21.712 billion euros, finance ministry figures showed on Tuesday.

    The ministry said the budget deficit was 21.457 billion euros in 2010, noting that the figures represented the state budget shortfall and that the total fiscal data for the year, which will be used as the basis for calculating the general government’s deficit.

    Specifically, state budget revenues fell short by 910 million euros compared with budget targets, while spending was lower by 896 million euros in the January-December period.

    Net regular budget revenues totaled 49.993 billion euros, down 1.7 pct compared with 2010, reflecting lower receipts from individuals’ income taxes. The Public Investment Programme’s revenues grew 22.7 pct, or by 698 million euros compared with 2010 and by 405 million euros compared with the budget target.

    Regular budget spending grew 2.9 pct, or 1.949 billion euros, last year, reflecting higher spending on interest (+23.6 pct, or by 3.125 billion euros compared with 2010).

    Primary spending fell 1.2 pct, or by 614 million euros, despite a 12.9-pct increase in spending on social insurance, health and social protection programmes. amna

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