Greece has sent its creditors a long-awaited list of reforms with a pledge to produce a small budget surplus this year in the hope that it will unlock badly needed cash, Greek government officials said on Friday.
The European Union and IMF lenders, informally called the Brussels Group, will start discussing the list later on Friday, a euro zone official said, although a Greek official said the examination would begin on Saturday. Their approval, followed by the blessing of euro zone finance ministers, will be needed for Athens to unfreeze further aid and stave off bankruptcy.
Athens has not indicated whether the latest list will contain a more far-reaching reform program than a previous list of seven reforms on broad issues ranging from tax evasion to public sector reforms, which failed to impress lenders.
The new list includes measures to boost state revenues by 3 billion euros this year, but will not include any "recessionary measures" like wage or pension cuts, a government official said.
The list estimates a primary budget surplus of 1.5 pct for 2015 - below the 3 percent target included in the country's existing EU/IMF bailout - and growth of 1.4 percent, the official said.