{
  "title": "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",
  "publication": "IMF Staff Country Reports, June 5, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/greece-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-staff-40636",
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  "summary": "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.",
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    {
      "heading": "Executive summary and major findings",
      "content": "- The short-term objectives are being met, but medium-term targets and sustainability have to be worked on.\n- The impressive fiscal adjustment evident since the crisis erupted is continuing.\n- The Executive Directors commend the Greek government’s determination to focus on overdue spending cuts.\n- Progress on improving tax administration and public administration reforms needs to be started in earnest.\n- There is concern about debt relief undermining the payment culture.\n- Reforms to open up the economy to competition should be stepped up.\n- The macroeconomic and debt outlook must remain under close review."
    },
    {
      "heading": "Policy recommendations and reform priorities",
      "content": "- Implement overdue spending cuts to sustain fiscal consolidation.\n- Begin in earnest reforms to improve tax administration.\n- Initiate and accelerate public administration reforms.\n- Avoid measures that could undermine the payment culture when designing debt relief.\n- Step up reforms to open up the economy to competition.\n- Maintain close review of the macroeconomic and debt outlook."
    },
    {
      "heading": "Analytical emphasis and coverage",
      "content": "- Focus areas: Banking; Budget planning and preparation; Expenditure; Financial institutions; Loans; Public financial management (PFM); Revenue administration; Structural reforms; Tax administration core functions.\n- Keywords highlighted in the report: arrears data; arrears datum; Budget planning and preparation; CR; debt; Eastern Europe; EFF arrangement; Europe; Global; governance framework; government; ISCR; Loans; MEFP Annex III; State lottery; Tax administration core functions; undue government interference."
    },
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      "heading": "Publication and document specifics",
      "content": "- Publication date: June 5, 2013\n- Pages: 201\n- Volume: 2013\n- Issue: 153\n- Series: Country Report No. 2013/153\n- DOI: https://doi.org/10.5089/9781484389287.002\n- Stock No: 1GRCEA2013002\n- ISBN: 9781484389287\n- ISSN: 1934-7685\n\nInternational Monetary Fund. 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 (June 5, 2013).\n\n---\n\n Content in this bundle\n\n- cr13153\n  - cr13153 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13153 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 5, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484389287.002",
    "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.",
    "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.",
    "Implement overdue spending cuts to sustain fiscal consolidation.",
    "Begin in earnest reforms to improve tax administration.",
    "Initiate and accelerate public administration reforms.",
    "Avoid measures that could undermine the payment culture when designing debt relief.",
    "Step up reforms to open up the economy to competition.",
    "Maintain close review of the macroeconomic and debt outlook.",
    "Focus areas: Banking; Budget planning and preparation; Expenditure; Financial institutions; Loans; Public financial management (PFM); Revenue administration; Structural reforms; Tax administration core functions.",
    "Keywords highlighted in the report: arrears data; arrears datum; Budget planning and preparation; CR; debt; Eastern Europe; EFF arrangement; Europe; Global; governance framework; government; ISCR; Loans; MEFP Annex III; State lottery; Tax administration core functions; undue government interference.",
    "Publication date: June 5, 2013",
    "Pages: 201",
    "Volume: 2013",
    "Issue: 153",
    "Series: Country Report No. 2013/153",
    "DOI: https://doi.org/10.5089/9781484389287.002",
    "Stock No: 1GRCEA2013002",
    "ISBN: 9781484389287",
    "ISSN: 1934-7685",
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