Greek Gov’t Sees Higher Primary Surplus in 2018

3 October 2017

The Greek government anticipates stronger growth in 2018, and the draft budget presented in parliament on Monday shows that the country is expected to achieve a higher primary surplus.

Deputy Finance Minister Giorgos Chouliarakis said, “This is the last budget under bailouts,” as he handed the draft budget to the House speaker.

The government sees the economy growing by 2.2 percent next year, up from the projected 1.75 percent. At the same time, it sees unemployment figures dropping.

The draft budget will be examined by Greece’s international creditors as part of the bailout program review. Government officials say that if the 2018 budget is correct and approved by lenders, new welfare benefits will be given to less fortunate Greeks at the end of this year.

Source: Greek Reporter

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