primary surplus
Economy
IMF: Greece to Return to Primary Surpluses in 2023
Greece will return to primary surpluses from 2023 and remain on a course of reducing its public debt, the IMF said in its Fiscal Monitor report released on Wednesday.
The Fund sees the general government's primary surplus at 0.9% of...
Economy
EU Scraps 3.5 Percent Surplus Target for Greece Due to Coronavirus Emergency
Eurozone finance ministers decided on Monday evening to scrap the primary surplus target of 3.5 percent of GDP for Greece this year in the face of the coronavirus pandemic.
"Today's (yesterday's) decisions fully meet Greek positions and priorities," Finance Minister...
Economy
2019 Greek Budget Records Primary Surplus of Almost €5 Billion
The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the Finance Ministry said...
Economy
Greece to Ask Creditors for Lower Primary Surplus Targets in 2020
Greece will be able to ask its creditors to lower the primary surplus targets and plans to do so in 2020, Finance Minister Christos Staikouras said in a debate on the 2020 state budget in Parliament on Saturday.
"To reduce...
Economy
OECD Releases Cautiously Positive Report for Greek Economy
The Greek economy is projected to grow by 2.1 percent in 2020 and 2.0 percent in 2021, after experiencing a 1.8 percent growth rate in 2019, the Organization for Economic Cooperation and Development (OECD) said on Thursday.
In its newest...
Economy
2019 Greek Primary Surplus Exceeds Target By Several Billion Euros
The Greek state budget recorded a primary surplus of 5.755 billion euros in the period from January-October, significantly exceeding budget targets for a surplus of 2.314 billion euros in the same period, the country's General Accounting Office said in...
Economy
IMF Disagrees With Brussels; Sees Lower Greek Surpluses for 2019, 2020
Vitor Gaspar, the Head of the Fiscal Affairs Department of the International Monetary Fund (IMF) presented the Fund's Fiscal Monitor on Wednesday, just before its annual autumn summit in Washington.
With regard to the IMF's projections about Greece's economy, the data presented...
Economy
Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts
The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467 billion, the country's Finance Ministry announced on Tuesday.
There was a primary surplus of 2.523 billion euros...
Economy
Proposed Greek Budget Foresees 2.8 Percent Growth for 2020
The Greek Finance Ministry presented a proposed 2020 budget in Parliament on Monday which foresees the Greek economy growing by two percent this year and 2.8 percent in 2020.
According to the report from the Hellenic Fiscal Council, which endorses...
Economy
ESM Chief Regling Says Greek Primary Surplus Targets Could Be Reduced
Chief of the European Stability Mechanism (ESM) Klaus Regling indicated on Friday that the European Institutions might consider reducing Greece's primary surplus targets beginning in 2021.
Speaking during a press conference just before the crucial Eurogroup meeting coming up in...