Finance Ministry

Greek gov’t at odds with creditors over impact of dues scheme

The two mechanisms for the settlement of debts to the tax authorities and the social security funds will be a sizable challenge for the next government. Greece's creditors estimate that the 120-tranche payment programs will create a fiscal gap of 0.6 percent of gross domestic product in the 2019 budget that risks missing the target of 3.5 percent of GDP.

Finance Ministry planning to borrow 4.425 bln lei from banks this June

The Public Finance Ministry (MFP) seeks to raise this June from commercial banks 4.425 bln lei, of which 400 ml lei through an issue of discount T-bills, and 3.5 bln lei through new or reopened government bonds. Another 535 million lei might add to these amounts through additional non-competitive bids related to bond auctions.