Budget records 1,8 billion euro primary surplus
- Written by E.Tsiliopoulos
In a report on budget execution, the Finance ministry said that the primary surplus totalled 1.8 billion euros in the January-June period this year, from a primary deficit of 1.9 billion euros in the corresponding period in 2013, while excluding the overdue debt repayment program, the primary surplus totalled 2.2 billion euros.
Finance Alternate Minister Christos Staikouras, commenting on the budget results said the country, for the second successive year, recorded high and sustainable primary surpluses, a confirmation that its public finances were stabilizing, safeguarding the basic and necessary condition for economic recovery through the painful sacrifices made by the Greek households and enterprises.
"We now face a new big challenge. To transform, the soonest possible, stabilization into a dynamic and sustainable growth, with social cohesion. This needs hard work, convergence and a national plan to enable our country to emerge from the steep tunnel it has found itself in during the past few years.”
Related items
-
Flooding in Evros - Thousands o acres of farmland under the water
-
Gerapetritis in the U.S. for a meeting with Rubio
-
At Souda, the world’s largest aircraft carrier USS “Gerald R. Ford”
-
A new era in military service begins today: The new model comes into force
-
Crucial two-day period for the Vertical Corridor in Washington - The scheduled appointments and the new deals coming
Latest from E.Tsiliopoulos
- Flooding in Evros - Thousands o acres of farmland under the water
- Gerapetritis in the U.S. for a meeting with Rubio
- At Souda, the world’s largest aircraft carrier USS “Gerald R. Ford”
- A new era in military service begins today: The new model comes into force
- Crucial two-day period for the Vertical Corridor in Washington - The scheduled appointments and the new deals coming
