These were the key drivers behind Greece's strong fiscal performance in 2016

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

The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.

As we noted, ELSTAT figures showed Greece recorded a primary surplus of 6.87 billion euros (3.9 percent of GDP) in 2016 under ESA 2010 rules, 6.13 billion above the figure of 737 million (0.4 percent of GDP) posted a year ago.

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