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Country or Region: Greece › Change country
Economic Indicator: Total Government Net Lending/ Borrowing (National Currency) › See all Greece indicators, › See Total Government Net Lending/ Borrowing (National Currency) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. Source: Ministry of Finance Latest actual data: 2010. These data are still provisional. Fiscal assumptions: Macroeconomic and fiscal projections for 2011 and the medium term are consistent with the policies agreed to between IMF staff and the authorities in the context of the Stand-By Arrangement. Fiscal projections assume a strong front-loaded fiscal adjustment, which already started in 2010, but will be followed through with further measures in 2011?13. Growth is expected to bottom out in late 2010 and gradually rebound after that, coming into positive territory in 2012. The data include fiscal data revisions for 2006-2009. These revisions rectify a number of shortfalls with earlier statistics. First, government controlled enterprises where sales cover less than 50 percent of production

Total Government Net Lending/ Borrowing (National Currency) for Greece is EUR -22.028 Billions.

In the previous year, 2009, Total Government Net Lending/ Borrowing (National Currency) for Greece was EUR -36.12 Billions Total Government Net Lending/ Borrowing (National Currency) for Greece in 2010 was or will be 39.01% less than it was or will be in 2009.

In the following or forecasted year, 2011, Total Government Net Lending/ Borrowing (National Currency) for Greece was or will be EUR -16.75 Billions, which is 23.95% more than the 2010 figure.