The projections of IMF economists - that Greece may get its debt down to 129% by 2020, by running a surplus of tax receipts over spending in the short term - looks to most people in high finance like wishful thinking.

BBC: Struggling Greeks losing belief in the state

They will be funded by capital funding, receipts from the sale of surplus school sites and council resources.

BBC: Extra places for Redbridge special school in Fazakerley

The project will be paid for with capital funding, receipts from the sale of surplus school sites and council resources.

BBC: Liverpool schools' improvement plan approved

After the trust fund is credited for all of its own receipts, exactly as in current law, the Treasury will be left with the unified budget surplus.

WHITEHOUSE: Testimony of Jacob Lew