Primary surplus of 2016 to be eight times higher than planned
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
Lotto results: Saturday 26 May 2018Panos - May 26, 2018
The winning numbers from the Lotto draw on Wednesday 23 May are as follows:
Turkey blasts Greece over decision to grant asylum to 8 Turkish officersmakis - May 25, 2018
The Turkish Foreign Ministry’s spokesman described the decision by the Greek legal system to grant asylum to the eight Turkish…
Moving moments as Pontian Greeks sing at Harry Klynn’s funeralmakis - May 25, 2018
Greek comedian Vassilis Triantafyllidis, known by his stage name “Harry Klynn”, was laid to rest in Kalamaria at the Church…