1100MMOO pprri­im­maar­ryy ssu­ur­rp­pllu­uss iinn lli­in­nee wwi­it­thh ttaar­rggeett

Financial Mirror (Cyprus) - - FRONT PAGE -

The cen­tral gov­ern­ment posted a pri­mary bud­get sur­plus of 2.4 bln euros in the first ten months of the year, in line with tar­geted rev­enues, ac­cord­ing to Deputy Fi­nance Min­is­ter Chris­tos Staik­ouras.

The cen­tral gov­ern­ment sur­plus ex­cludes the bud­gets of so­cial se­cu­rity or­gan­i­sa­tions and lo­cal ad­min­is­tra­tions and is dif­fer­ent from the fig­ure mon­i­tored by the troika of in­ter­na­tional lenders, but in­di­cates the coun­try’s progress in re­pair­ing its fi­nances.

The gov­ern­ment is aim­ing for a gen­eral pri­mary bud­get sur­plus of 2% of GDP this year and a 2.9% of GDP sur­plus in 2015.

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