Bank of Greece: “Alarm bells” for this year’s surplus
The Governor of the Bank of Greece, Yiannis Stournaras characterized the target for a primary surplus of 3.5% for this year as “unattainable”.
- Published in Greece
The Governor of the Bank of Greece, Yiannis Stournaras characterized the target for a primary surplus of 3.5% for this year as “unattainable”.
Greek state budget showed a primary surplus of 1.463 billion euros in the January-April period, from a budget target for primary deficit of 670 million, but down from a primary surplus of 1.8 billion euros in the same period in 2018, the Finance Ministry said in a report released on Monday.
The General Accounting Office sees a 4.1 percent of GDP primary surplus in 2019, exceeding the target by 0.6 percent, Alternate Finance Minister Giorgos Chouliarakis said on Thursday in an interview with the Athens-Macedonian News Agency (ANA).
The full statement follows: