Commission: Greece will surpass primary surplus objectives in 2018

10 November 2017
744 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

Athens expects positive post-bailout economic review
FINANCE
shares26 views
FINANCE
shares26 views

Athens expects positive post-bailout economic review

Panos - Feb 27, 2020

Greece’s international creditors are expected to publish their report on the Greek economy as part of the fifth post-bailout review…

Kostas Voutsas’s funeral will take place Friday
ART
shares29 views
ART
shares29 views

Kostas Voutsas’s funeral will take place Friday

Panos - Feb 27, 2020

The funeral service of popular Greek actor Kostas Voutsas, who died on Wednesday at the age of 88, will be…

Government withdraws anti-riot forces from Chios & Lesvos
GREECE
shares40 views
GREECE
shares40 views

Government withdraws anti-riot forces from Chios & Lesvos

Panos - Feb 27, 2020

Anti-riot police forces are expected to withdraw from Lesvos and Chios on Thursday morning as the situation is out of…

Leave a Comment

Your email address will not be published.