Greece largely succeeded in following the dictate set by the troika (the European Commission the ECB, and the IMF) it converted a primary budget deficit into a primary surplus.

Worse still, the time wasted on political grandstanding destroyed the primary budget surplus, which was Tsipras s trump card in the early negotiations.

The troika is still demanding that Greece achieve a primary budget surplus (excluding interest payments) of 3.5 of GDP by 2018.

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These policies require Greece to maintain a very high primary budget surplus more than 4 of GDP for many years to come.

Previous bailout agreements presumed that Greece would run a primary budget surplus (before interest payments) of 4.5 of GDP pretty much permanently.

It can also provide more information on the contribution of fiscal consolidation efforts , as reflected in the primary balance , and on the role played by special factors as included in the deficit debt ECB Convergence Report May 2006 E X A M I N AT I O N OF ECONOMIC CONVERGENCE

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According to the IMF, to reduce its net public debt to 80 of GDP by 2030, Japan would have to turn today s 8.6 primary budget deficit (the balance excluding interest payments) into a 6.7 primary surplus by 2020 and maintain such surpluses continuously until 2030.

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Fiscal Analysis

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You don't form images with your primary visual cortex.

Pfizer released the rights to the primary ingredient in 2002.

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The news from Greece these days has been dominated by the announcement that the government achieved a primary budget surplus (the fiscal balance minus debt service) in 2013.

It can also provide more information on the contribution of fiscal consolidation efforts as reflected in the primary balance and on the role played by special factors as included in the deficit debt adjustment . In addition , the structure of

Article 15 Budgetary procedure 15.1 .

This typically happens when the government runs a primary surplus.

The EMU fiscal policy framework

C. PROPOSALS COVERED BY THE BUDGETARY

The last bailout program from the troika (the International Monetary Fund, the ECB, and the European Commission), initiated in 2010, foresees a primary budget surplus (which excludes interest payments) of 4 of GDP this year.

The budgetary procedure could also be simplified.

Optimists point out that the country is supposed to eliminate its primary deficit (the budget balance minus interest payments) by 2013, which implies that it could pay its non debt related bills with its own resources after a default.

The IMF seems ready to throw in the towel not least because of the recent revelation that Greece could post a small primary budget deficit (which excludes interest payments) this year, rather than the planned sizeable surplus.

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The primary mirror of the infrared space telescope has a diameter of 6.5 metres.

A3 360 90) will be taken at 10 a.m. on Thursday.

In the run up to its debt crisis in 2010, the government s primary budget deficit (the amount by which government expenditure on goods and services exceeds revenues, excluding interest payments on its debt) was equivalent to an astonishing 10 of national income.

After undergoing a lot of pain and suffering, Greece is close to posting a primary budget surplus.

Bok's primary research interest was the structure of our galaxy.

We are going down the wrong road with our budget procedure.