ECONOMY - FINANCE - BUSINESS / Greece

ELSTAT says Greek primary surplus reached 4% of GDP in 2016

Brussels, 21/04/2017 (Agence Europe)

The Greek statistical office, ELSTAT, announced on Friday 21 April that the country’s primary surplus (not including debt-servicing) stood at 3.9% in 2016.

Despite differences in the way some expenditure and tax income is dealt with in statistics on the Greek bailouts, the figure underscores the Greek authorities’ cleaning up of the country’s public finances.  The third Greek bailout plan requires the country to have a primary budget surplus of 0.5% of GDP in 2016 and 3.5% in 2018,...