Pri­mary sur­plus of 2016 to be eight times higher than planned

Kathimerini English - - Focus -

pri­mary sur­plus ranged be­tween 3.8 and 4.1 per­cent of gross do­mes­tic prod­uct, Fi­nance Min­istry sources said ahead of the of­fi­cial an­nounce­ment of the fis­cal fig­ures to­day by the Hel­lenic Sta­tis­ti­cal Author­ity. The tar­get had been for 0.5 per­cent of GDP. The same sources ar­gued that less than 1 bil­lion eu­ros or 0.5 per­cent of GDP con­cerned mea­sures of a tem­po­rary na­ture. On the con­trary, the In­ter­na­tional Mone­tary Fund be­lieves that some 2 per­cent of GDP, or 3.6 bil­lion eu­ros, of that pri­mary sur­plus orig­i­nated from tem­po­rary rev­enues and not from sus­tain­able struc­tural changes.

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