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Creditors want additional measures for 7 billion Euros

26 November 2011 / 20:11:41  GRReporter
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It is also expected that local authorities will have balanced budgets from 2012 and on, and for 2011 provided is a small surplus of 38 million Euros.

Public enterprises

State enterprises, which are subsidized by the budget, will continue to report deficit after 2011, the year in which their income is expected to yield cost of 711 million Euros.

The amount will decrease to 576 million Euros in 2012, to 453 million Euros in 2013, and to 396 and 398 million Euros respectively for 2014 and 2015. Together, however, with the activation of guarantees which will be covered by the state, their balance will report surplus.

The “Helios” program

The faster reduction of debt will depend on the privatization process, to which added was "Helios" program, for production and export of clean energy, which is expected to bring additional revenue of 15 billion Euros.

Tags: Greece bonds economy deficit budget
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