Greek ministry says primary budget surplus triple the target over Jan-Aug period
Figures for Greece’s primary budget surplus, as a percentage of annual GDP, showed that a dramatic over-performance in the Jan-Aug 2018 period.
Specifically, the finance minister said the creditor-mandated primary budget surplus reached 3.157 billion euros over the period, triple the target of 917 million euros, and lower than 3.544 billion euros in the same eight-month period of 2017.
Based on a modified cash basis over the same period, a deficit in the state budget balance reaches 1.220 billion euros, down from 3.384 billion euros foreseen in a supplementary medium-term fiscal strategy for 2019-22.
Net state revenues reached 31.86, up 937 million euros (3 percent) from the target.
You may be interested
Rubicon storms Swiss embassymakis - Feb 18, 2019
Rubicon stormed the Embassy of Switzerland, at Iasiou Street 2 in Kolonaki earlier this morning. According to information, the members…
Did Minister Polakis hide income or did he lie?makis - Feb 18, 2019
The exclusive report in Proto Thema on Sunday, revealing that Alternate Health Minister Pavlos Polakis was granted a consumer loan…
“Athens is one of the last cities in Europe that can still be old, weird & chaotic”Panos - Feb 18, 2019
At a time when the mainstream narrative is all about how Greece’s ‘best and brightest’ minds have been fleeing the…