Commission: Greece will surpass primary surplus objectives in 2018

10 November 2017
193 Views

The European Commission projected on Thursday that Greece will achieve a 3,9% primary surplus in 2018.
The agreed objective between Greece and its creditors is 3,5%.

The overall budget surplus – after servicing debt – is projected to be 0,9% in 2018, down from a 1,2% deficit this year.

The Greek bailout programme is due to expire in the summer of 2018 and Athens plans to return to capital markets to refinance its debt. Before servicing its debt, the European Commission projects Athens will reach a 2% primary surplus in 2017.

The Commission also projects that the Greek debt-to-GDP ratio from the current 179,6% to 170%.
The country will also start running a budget surplus of 0.9 percent next year in a sharp reversal of a budget deficit of 1.2 percent seen this year.

Source: Neweurope

You may be interested

US Amb Pyatt: The stronger Greece is, the more it can act as a stabilizing force in the region
GREECE
shares47 views
GREECE
shares47 views

US Amb Pyatt: The stronger Greece is, the more it can act as a stabilizing force in the region

makis - Apr 20, 2018

Greece can act as a stabilizing force for good in the wider region and the stronger Greece is, the better…

Kotzias – Dimitrov to meet again on April 25, in Vienna
POLITICS
shares48 views
POLITICS
shares48 views

Kotzias – Dimitrov to meet again on April 25, in Vienna

makis - Apr 20, 2018

According to the FYROM government spokesman, Mile Bosnjakovski who spoke on Friday, there will be a new meeting between the…

Alexandros Stamatiadis dies in hospital
GREECE
shares73 views
GREECE
shares73 views

Alexandros Stamatiadis dies in hospital

makis - Apr 20, 2018

Greek businessman Alexandros Stamatiadis has died after being hospitalised in critical condition for 18 days. The businessman, 52, was shot…

Leave a Comment

Your email address will not be published.