Economy

xchrom

(108,903 posts)

26. Greece posts budget surplus in 2013 at central government level

Tue Jan 14, 2014, 09:36 AM

Jan 2014

http://uk.reuters.com/article/2014/01/14/uk-greece-budget-idUKBREA0D0RW20140114

(Reuters) - Greece's central government posted a primary budget surplus of 700 million euros last year and will also post a surplus at the more closely watched general government level, making it eligible for further debt relief, its deputy finance minister said on Tuesday.

Greece has been promised it can seek more debt relief from its euro zone partners and the International Monetary Fund that have bailed out the country, after it posts a primary surplus for a full year.

The lenders track the general government surplus - which includes local government budgets and pension funds - rather than the central government data released on Tuesday, but that data indicates Greece is on track to meet the wider target.

Greece is aiming at a 2013 primary budget surplus of about 812 million euros or 0.4 percent of gross domestic product at the general government level.

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