Primary surplus up to 3.9 pct of GDP in 2016, far above target

EconomyMacroeconomy Tags: Debt, ELSTAT, Revenues
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.

The headline figure confirms recent comments made by the government and top eurozone officials indicating that the fiscal outcome in 2016 was well in excess of 3 percent of GDP. In addition, it stands way above the programme target of 0.5 percent of GDP.

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