Primary surplus of 2016 to be eight times higher than planned

21 April 2017
93 Views

Last year’s primary surplus ranged between 3.8 and 4.1 percent of gross domestic product, Finance Ministry sources said ahead of the official announcement of the fiscal figures on Friday by the Hellenic Statistical Authority. The target had been for 0.5 percent of GDP.
The same sources argued that less than 1 billion euros or 0.5 percent of GDP concerned measures of a temporary nature.

On the contrary, the International Monetary Fund believes that some 2 percent of GDP, or 3.6 billion euros, of that primary surplus originated from temporary revenues and not from sustainable structural changes.

You may be interested

PAO fans storm club’s offices
GREECE
shares66 views
GREECE
shares66 views

PAO fans storm club’s offices

makis - Jun 23, 2017

A group of Panathinaikos fans have stormed the club’s headquarters protesting against what they consider to be a complete lack…

Almost 4 million Greeks were at risk of poverty last year
FINANCE
shares56 views
FINANCE
shares56 views

Almost 4 million Greeks were at risk of poverty last year

makis - Jun 23, 2017

According to the ELSTAT, 35,6% of the Greece’s population or 3.789.300 people were at risk of poverty or social exclusion…

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!
POLITICS
shares76 views
POLITICS
shares76 views

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!

makis - Jun 23, 2017

The government’s communication effort to give a positive impression to the Eurogroup agreement does not seem to be working that…

Leave a Comment

Your email address will not be published.