Primary surplus of 2016 to be eight times higher than planned

21 April 2017
375 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

FYROM PM Zaev: “Macedonia” name will not change but be completed
POLITICS
shares16 views
POLITICS
shares16 views

FYROM PM Zaev: “Macedonia” name will not change but be completed

makis - Oct 16, 2018

“The name” Macedonia” is not changing but is being completed,” FYROM Prime Minister Zoran Zaev stressed, addressing the country’s parliament…

Woman at the head of Greek Supreme Court (CoS) for the first time in history
GREECE
shares14 views
GREECE
shares14 views

Woman at the head of Greek Supreme Court (CoS) for the first time in history

makis - Oct 16, 2018

A female judge was appointed as the President of the Council of State (CoS), Greece’s Supreme administrative court for the…

Greece: The 12 faces of beauty!
GREECE
shares705 views
GREECE
shares705 views

Greece: The 12 faces of beauty!

Panos - Oct 16, 2018

Greece is one of the most beautiful countries in the world. Each place is in itself a special world teeming…

Leave a Comment

Your email address will not be published.