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Athens News Agency: News in English, 07-04-24

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

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Inner Cabinet discusses interior ministry issues
  • [02] Eurostat: Greek fiscal deficit drops to 2.6 pct

  • [01] Inner Cabinet discusses interior ministry issues

    The Inner Cabinet was examining topics falling under the competency of the ministry of the interior, public administration and decentralisation, at a meeting on Tuesday chaired by prime minister Costas Karamanlis.

    Later in the evening, Karamanlis was slated to address the 11th Economist Round-Table with the Greek Government, a three-day conference on the theme of "New priorities at global level", which opens Tuesday in the coastal town of Vouliagmeni, southeast of Athens. The conference will focus on the priorities of Greece's foreign and domestic policy.

    [02] Eurostat: Greek fiscal deficit drops to 2.6 pct

    The European Union's statistics agency, Eurostat, said that Greece's fiscal deficit fell to 2.6 pct of the country's Gross Domestic Product (GDP) last year, below the 3.0 pct ceiling of the Maastricht Treaty.

    Eurostat, in an announcement, said the Greek fiscal deficit dropped to 5.1 billion euros in 2006, or 2.6 pct of GDP, from 5.5 pct in 2005 (9.9 billion), 7.9 pct in 2004 (13.3 bln) and 6.2 pct in 2003 (9.6 bln euros).

    Hungary (9.2 pct), Italy (4.4 pct), Poland (3.9 pct), Portugal (3.9 pct) and Slovakia (3.4 pct) recorded the biggest fiscal deficits in 2006, while Denmark (4.2 pct), Finland (3.9 pct), Estonia (3.8 pct) and Bulgaria (3.3 pct) recorded fiscal surpluses last year.

    Greece's public debt eased to 104.6 percent of GDP in 2006 (204.2 bln euros), from 107.5 pct (194.6 bln) in 2005, 108.5 pct (182.7 bln) in 2004 and 107.8 pct (167.7 bln euros) in 2003.

    Italy (106.8 pct) recorded the biggest public debt among EU member-states last year, while Estonia (4.1 pct), Luxembourg (6.8 pct), Latvia (10 pct) and Romania (12.4 pct) recorded the lowest public debt rates in 2006.

    Eurostat said public spending in Greece totaled 46.1 pct of GDP in 2006, slightly up from a 45.8 pct average rate in the Eurozone.

    The statistics agency said the Greek figures were based on non-revised GDP figures provided recently by the country's National Statistics Service. Eurostat said revised figures were under examination by Community services.

    Meanwhile, national economy and finance minister George Alogoskoufis was slated to give a press conference at noon on Tuesday on the outcome of the recent Eurogroup and ECOFIN meetings.


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