The
European Commission projected on Thursday that Greece will achieve a 3,9%
primary surplus in 2018.
The agreed
objective between Greece and its creditors is 3,5%.
The overall
budget surplus – after servicing debt – is projected to be 0,9% in 2018, down
from a 1,2% deficit this year.
The Greek
bailout programme is due to expire in the summer of 2018 and Athens plans to
return to capital markets to refinance its debt. Before servicing its debt, the
European Commission projects Athens will reach a 2% primary surplus in 2017.
The
Commission also projects that the Greek debt-to-GDP ratio from the current
179,6% to 170%.
The country
will also start running a budget surplus of 0.9 percent next year in a sharp
reversal of a budget deficit of 1.2 percent seen this year.
https://www.neweurope.eu/article/commission-greece-will-surpass-primary-surplus-objectives-2018/