Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16

EconomyMacroeconomy Tags: Budget, MoF, Revenues, Taxes
Photo by MacroPolis
Photo by MacroPolis

The Finance Ministry unveiled on April 30 the Medium-Term Fiscal Strategy (MTFS) for 2015 – 2018, which was also tabled in Parliament. The government aims for the program to be voted through the House by May 5 to coincide with the date of the next Eurogroup, where the Greek Finance Minister Yannis Stournaras is expected to officially raise the issue of more debt relief.

The released MTFS outlines the key fiscal targets for the next years without providing more color on specific policies and interventions or their anticipated outcome. A similar policy was also followed with the 2014 budget, making it difficult to draw c...

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