Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus

EconomyMacroeconomy Tags: Budget, GDP, Revenues
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The Greek authorities were handed a welcome boost on Friday as ELSTAT announced the latest fiscal data for 2022, in the context of the first Excessive Deficit Procedure (EDP) notification of 2023, where a small primary surplus was recorded. 

ELSTAT notes that a measure of the primary balance as defined under the Economic Adjustment Program for Greece is not calculated and is not shown in this announcement. 

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