Bloomberg News

Greek Government Officials Brief Parties on Economy, Ta Nea Says

May 10, 2012

Officials from Greece’s finance ministry and central bank met with political party representatives to brief them on the state of the country’s public finances, Ta Nea reported, without saying how it got the information.

Greece’s budget projects revenue this year will be 100 billion euros ($129 billion) with expenditure at 84.7 billion euros, according to the Athens-based newspaper. Stripping out 12.8 billion euros of interest payments, this leaves a 2.5 billion-euro primary shortfall that the government would need to find a way to fill if there is no external aid from the European Union and International Monetary Fund, Ta Nea said.

Officials from the Bank of Greece and General Accounting Office of the Finance Ministry met representatives of the parties yesterday, while in the coming days central bank governor George Provopoulos will make public more details about the public finances, Ta Nea said.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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