Greek 2016 primary surplus seen around 4 pct of GDP, above bailout target- source


Reuters

ATHENS, April 21 (Reuters) - Greece achieved a primary
budget surplus of about 4 percent of gross domestic product last
year, outperforming its 0.5 percent of GDP target under its
bailout programme, a government official told Reuters on Friday.
    Earlier, the country's statistics agency (ELSTAT) released
figures showhing that under ESA 2010 guidelines, the general
government's primary balance, excluding debt servicing, reached
a surplus of 3.9 percent of economic output last year versus a
downwardly revised 2.3 percent deficit in 2015.
    ELSTAT did not calculate a figure for the primary budget
balance under the country's bailout programme, where there is a
different statistical treatment on some expenditure and revenue
items. [ID:nA8N1H7002]
    "Based on the figures released today by ELSTAT, our estimate
is that the 2016 primary budget surplus, based on the bailout
programme, is about 4 percent, or slightly higher," the
government official said, declining to be named.

 (Reporting by Lefteris Papadimas)
 ((renee.maltezou@thomsonreuters.com; +30 210 3376439; Reuters
Messaging: renee.maltezou.reuters.com@reuters.net))

Keywords: EUROZONE GREECE/SURPLUS (URGENT)



This article appears in: Politics , Stocks , World Markets , Economy


More from Reuters

Subscribe






See Reuters News

Follow on:








Research Brokers before you trade

Want to trade FX?