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Primary balance up to July confirmed at 7.94 bln due to underspend, tax revenues
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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
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Significantly contained spending pushes July primary surplus 4.36 bln above target
IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/] Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-large.jpg)
The International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington.
The Fund sees Greece turning this year’s primary deficit of 1.8 pct into a surplus of 0.9 pct next year and maintain it on a growing scale up to 2027 when it reaches 2 pct of GDP. It will be 1.4 pct in 2024, 1.6 pct in 2025 and estimated at 1.9 pct in 2...
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