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

If this effort had been continued for two more years, a primary budget surplus could have been realized.

According to the International Monetary Fund, the budget deficit is declining, and the primary surplus (net revenues minus interest payments) is growing.

Countries can reduce their national debt by narrowing the budget deficit or achieving a primary surplus (the fiscal balance minus interest payments on outstanding debt).

Owing to a strong increase in government revenues and expenditure discipline, Lebanon's primary budget surplus was LL 995.3 billion in 2004, or 3.3 per cent of GDP.

But economic recovery will come to Italy, moving the budget into surplus.

This provocative behavior lost Greece all potential allies in France and Italy. Worse still, the time wasted on political grandstanding destroyed the primary budget surplus, which was Tsipras s trump card in the early negotiations.

A primary budget deficit (or surplus) is the difference between a government s outlays for everything excluding the interest payments that it must pay on its debt and its receipts from taxes and other charges.

Had this effort been continued for two more years, a primary surplus could have been realized.

These measures, plus a reduction in tax revenues, should reduce the primary surplus and contribute to reviving demand.

In 2004, a substantial part of the budget surplus was used to repay public debt.

This article includes a chart representing revenues, expenditures and resulting deficit or surplus of government budget.

If Greece is to start paying just the interest on its debt rather than rolling it into new loans by 2011 the government would need to run a primary budget surplus (i.e., excluding interest payments) of nearly 10 of GDP.

More generally, the national debt of any country grows by the size of its budget deficit or declines by the size of its budget surplus.

Special primary and secondary schools are financed from the Republika Srpska budget.

On a cyclically adjusted basis, Greece s overall budget would show a surplus of 0.6 of GDP this year.

The Territory balanced its budget with a surplus and had done so over the last number of years.

The 2005 Budget projected a 10 million decrease in Government spending and envisaged a surplus of 20 million.

In spite of the crisis, Norway in 2009 still had a 9 state budget surplus, and was the only western country to run a surplus as of July of that year.

Koizumi decided that a primary budget balance should be restored in 10 years.

Yes, the US needs tax increases to move the federal budget into surplus and policies to boost private savings.

Depending on the performance of the operational budget during 2005, any surplus would be used, if needed, in accordance with the purposes and procedures defined for the operational budget.

The consolidated primary surplus is 5 per cent of GDP and reserves have increased from nearly ten billion dollars to over twenty five billion.

Looking ahead, the IMF predicts that Greece will have a gradually rising primary surplus and a gradually declining overall deficit over the next several years.

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. For the first time in decades, the Greek government has been able to pay for its expenditure with its own revenues.

There is a general view that financial and corporate restructuring has been largely completed in South East Asia, while budget deficits have narrowed or, as in Thailand, the budget has remained in surplus.

Italy, for example, would save up to 4 of its GDP its budget would move into surplus and fiscal stimulus would replace austerity.

A federal budget that achieves primary balance has federal revenues equaling spending but with a remaining budget deficit as a result of interest payments on past debt.

The International Monetary Fund was predicting only that Greece would have a zero primary budget deficit in 2013.

The combination of high corporate saving and low business investment has sustained the current account surplus, allowing Japan to fund its budget deficit domestically.

He commended UNRWA for ending the year 2004 with a budget surplus, but expressed concern that the current year might close with a deficit.

Even with German level interest rates, Greece would have to run a primary surplus of at least 2 of GDP still quite large, and far from today s deficit.

With a large reservoir of surplus savings and a budget deficit of less than 2 of GDP, it has the wherewithal to fund such efforts.

Reflecting these reforms, the International Monetary Fund recently projected that Italy will have a cyclically adjusted budget surplus of nearly 1 of GDP in 2013.

The new budget is also likely to do little to improve India s poor education and primary health care systems.

San Marino is considered to have a highly stable economy, with one of the lowest unemployment rates in Europe, no national debt and a budget surplus.

Koizumi sought smaller government and set clear numerical targets for fiscal consolidation, including a primary budget balance in 10 years.

(h) Surplus

Russia s budget surplus has stood at more than 7 of GDP in the last two years, public debt has dwindled to only 8 of GDP, from 100 in 1999, and the current account surplus has averaged at 10 of GDP for the last eight years.

The combination of economic recovery and lower interest rates would produce a virtuous dynamic in which falling interest rates and a rising budget surplus are mutually reinforcing.

The primary budget bill (Bill 363) allows for 544.1 million in expenditure on public schools, the police department and critical Government operations.

Therefore, such support tasks are not factored into the budget allocated for the primary mandate of the military component the provision of security.

China s Shrinking Trade Surplus

In 2012, Estonia remained the only euro member with a budget surplus, and with a national debt of only 6 , it is one of the least indebted countries in Europe.

After all, under any scenario, Greece will need to run a primary surplus and undertake structural reforms to transform its economy. And many insist that this will not happen, because Greece simply refuses to change.