Greece
Nomos 4270/2014 (Αρχές Δημοσιονομικής Διαχείρισης — Fiscal Management and Oversight Act), ΦΕΚ 143/Α/2014; Syntagma (Constitution) 1975/rev.2008 Arts. 72, 73, 79, 80, 98
Const. Arts. 72,73,79,80,98; L.4270/2014 Arts.2–9,14,18–26,31,33,35–40 (ΦΕΚ 143/A/2014); L.4820/2021 (ΦΕΚ 130/A/2021); L.4412/2016→L.4971/2022; L.4780/2021; L.3861/2010
Drafted with AI from the cited sources under the direction of UnGovr staff. UnGovr holds editorial responsibility for this page.
Greece's national fiscal transparency framework was fundamentally reformed by Nomos 4270/2014 (ΦΕΚ 143/Α/2014), the Fiscal Management and Oversight Act (Αρχές Δημοσιονομικής Διαχείρισης), enacted as a condition of EU/IMF programme conditionality following the 2010 sovereign debt crisis. Key L.4270/2014 provisions: Art. 4 (medium-term fiscal framework/MTFS, Μεσοπρόθεσμο Πλαίσιο Δημοσιονομικής Στρατηγικής, three-year rolling capital plans); Arts. 18–26 (debt management framework); Arts. 31–35 (monthly budget execution reports, μηνιαία αποτελέσματα εκτέλεσης προϋπολογισμού); Art. 33 (contingent liability disclosure in MTFS risk assessment). The Elegktiko Synedrio (Συνέδριο, Const. Art. 98) is the constitutionally mandated SAI with financial and performance audit scope under L.4820/2021. The HAI (Hellenic Fiscal Council / Δημοσιονομικό Συμβούλιο under L.4270/2014) is Greece's IFI and EU IFI Network member. Nomos 3861/2010 (DIAVGEIA/Clarity program) mandates online publication of all government decisions including expenditure authorizations, a distinctive Greek transparency mechanism. L.4412/2016 (updated L.4971/2022) transposes EU Dir 2014/24/EU (procurement); L.4990/2022 transposes EU Dir 2019/1937 (whistleblower). Greece is a Eurozone member subject to EU Two-Pack (Regulation 473/2013): interim_reporting_frequency = 'monthly'; expenditure_frequency = 'monthly'. Budget submitted by October 1 = 92 days (Const. Art. 79). Currency: EUR; fiscal year: calendar year.
Transparency Requirements
Budget Publicationmax 12 pts
| Budget publication required | ✓ Yes |
|---|---|
| Budget published online | ✓ Yes |
| Budget publication timeline | 92 days before fiscal year |
| Machine-readable budget format | No |
| Draft budget required before adoption | ✓ Yes |
Expenditure Disclosuremax 12 pts
| Expenditure disclosure required | ✓ Yes |
|---|---|
| Expenditure granularity | department |
| Public expenditure portal required | ✓ Yes |
| Expenditure reporting frequency | monthly |
Independent Auditmax 12 pts
| Audit required | ✓ Yes |
|---|---|
| Auditor independent of entity | ✓ Yes |
| Auditor selection method | appointed independent |
| Audit frequency | annual |
| Audit reports public | ✓ Yes |
| Audit scope | financial performance |
Contract & Procurementmax 10 pts
| Public bidding required | ✓ Yes |
|---|---|
| Public bidding threshold | 140,000 EUR |
| Contract publication required | ✓ Yes |
| Bid award disclosure | ✓ Yes |
| Beneficial ownership disclosure | No |
Debt & Liability Disclosuremax 10 pts
| Debt disclosure required | ✓ Yes |
|---|---|
| Pension liability disclosure | — |
| Contingent liability disclosure | ✓ Yes |
| Voter approval required for new debt | No |
Fiscal Reporting Frequencymax 10 pts
| Interim reporting required | ✓ Yes |
|---|---|
| Interim reporting frequency | monthly |
| Year-end report deadline | 180 days after fiscal year |
| Citizens budget required | No |
Enforcement & Oversightmax 10 pts
| Non-compliance penalties | ✓ Yes |
|---|---|
| Fiscal oversight body | ✓ Yes |
| Whistleblower protections | ✓ Yes |
| Legislative budget office | ✓ Yes |
Revenue & Tax Transparencymax 8 pts
| Tax expenditure reporting | — |
|---|---|
| Revenue forecasting required | ✓ Yes |
| Tax rate publication | ✓ Yes |
| Fee schedule publication | No |
Compensation & Payrollmax 8 pts
| Salary disclosure required | No |
|---|---|
| Salary disclosure scope | — |
| Pension benefit disclosure | — |
| Overtime reporting | No |
Capital & Asset Disclosuremax 8 pts
| Capital plan required | ✓ Yes |
|---|---|
| Asset inventory required | ✓ Yes |
| Surplus asset disposal transparency | No |