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Record Nr. |
UNINA9910779760203321 |
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Titolo |
Greece : : Third Review Under the Extended Arrangement Under the Extended Fund Facility—Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Greece |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2013 |
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ISBN |
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1-4843-7570-X |
1-4843-1787-4 |
1-4843-8488-1 |
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Descrizione fisica |
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1 online resource (202 p.) |
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Collana |
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IMF Staff Country Reports |
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Disciplina |
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Soggetti |
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Industries - Greece |
Banks and Banking |
Macroeconomics |
Public Finance |
Taxation |
Industries: Financial Services |
Budgeting |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Taxation, Subsidies, and Revenue: General |
Institutions and the Macroeconomy |
National Budget |
Budget Systems |
Current Account Adjustment |
Short-term Capital Movements |
National Government Expenditures and Related Policies: General |
Public finance & taxation |
Banking |
Finance |
Budgeting & financial management |
Tax administration core functions |
Revenue administration |
Structural reforms |
Loans |
Financial institutions |
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Budget planning and preparation |
Public financial management (PFM) |
Expenditure |
Banks and banking |
Revenue |
Tax administration and procedure |
Budget |
Expenditures, Public |
Greece Economic conditions |
Greece |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Cover""; ""CONTENTS""; ""BACKGROUND""; ""RECENT DEVELOPMENTS""; ""DISCUSSIONS""; ""A. Outlook""; ""B. Economic Policies""; ""PROGRAM MODALITIES""; ""STAFF APPRAISAL""; ""TABLES""; ""1. Selected Economic Indicators, 2009-13""; ""2. Modified General Government Cash Balance, 2012-16""; ""3. General Government Operations, 2010-17""; ""4. General Government Statement of Operations (GFSM 2001, flows), 2010-16""; ""5. Financial Balance Sheet (GFSM 2001, stocks), 2008-12""; ""6. Summary of Balance of Payments, 2010-18""; ""7. Monetary Survey, 2010-14"" |
""8. Monetary Financial Institutions (excl. BoG) Uses and Sources of Funds, 2010-16""""9. Core Set of Financial Soundness Indicators for Deposit Taking Institutions, 2009-12""; ""10. Revenue Collection Process Issues and Actions""; ""11. Spending Process Issues and Actions""; ""12. Implementation of Structural Reforms""; ""13. Medium-Term Macro Framework, 2012-18""; ""14. Autonomy of the Tax Administration: Revenue Agency vs. General Secretariat of Public Revenue""; ""15. Selected Structural Reforms Ahead, 2013-14""; ""16. Privatization Process"" |
""17. Schedule of Proposed Purchases under the Extended Arrangement, 2012-16""""18. General Government Financing Requirements and Sources, 2012-16""; ""19. External Financing Requirements and Sources, 2010-18""; ""20. Indicators of Fund Credit, 2012-26""; ""FIGURES""; ""1. Selected Economic Indicators, 2005-13""; ""2. Inflation Developments, 2005-13""; ""3. Competitiveness Indicators, 2005-13""; ""4. Balance of Payments Developments, 2010-13""; ""5. Financial Indicators, 2007-13""; ""6. Money and Banking Developments, 2007-13"" |
""7. Revenue and Expenditure Trends, 2000-18""""BOXES""; ""1. Spillovers from Cyprus""; ""2. Framework to Deal with Household Debt""; ""3. Exceptional Access Criteria""; ""APPENDICES""; ""I. Debt Sustainability Analysis""; ""II. Fund Relations""; ""III. Letter of Intent""; ""IV. Memorandum of Economic and Financial Policies""; ""V. Technical Memorandum of Understanding""; ""VI. Letter of Intent to the European Commission and the European Central Bank""; ""VII. Memorandum of Understanding on Specific Economic Policy Conditionality""; ""1 Achieving sound public finances"" |
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""2 Structural reforms with budgetary relevance""""2.1 Privatizing to boost efficiency in the economy and reduce public debt""; ""2.2 Tax policy reform""; ""2.3 Revenue administration reforms""; ""2.4 Public Financial Management Reforms""; ""2.5 Safeguards for the delivery of fiscal commitments""; ""2.6 Other institutional requirements""; ""2.7 Making the public administration more efficient and effective""; ""2.8 Avoiding waste and increasing quality through sound public procurement""; ""2.9 Completing the pension reform to secure sustainability""; ""2.10 Modernising the health care system"" |
""2.11 Upgrading the education system"" |
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Sommario/riassunto |
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The short-term objectives are being met, but medium-term targets and sustainability have to be worked on. The impressive fiscal adjustment evident since the crisis erupted is continuing. The Executive Directors commend the Greek government’s determination to focus on overdue spending cuts. However, progress on improving tax administration and public administration reforms needs to be started in earnest. There is concern about debt relief undermining the payment culture. Reforms to open up the economy to competition should be stepped up. The macroeconomic and debt outlook must remain under close review. |
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