Greece, Lenders Agree on Primary Budget Targets for 2015-2018

Greece, Lenders Agree on Primary Budget Targets for 2015-2018

The Greek government agreed with its creditors on the primary budget targets for 2015-2018, according to government sources in the early morning hours on Tuesday.
The two sides agreed on the following targets for the primary budget:
In 2015, a primary deficit of -0.25% of GDP; in 2016, a primary surplus of +0.5%, a primary surplus of +1.75% in 2017, and a primary surplus of +3.5% in 2018.
The sources underlined that there would be no new measures introduced in relation to fiscal targets for the years 2015 to 2016.
The meeting has now completed a long stretch of 17 hours since it began on Monday, with a brief break the same day to update the cabinet at a meeting chaired by Prime Minister Alexis Tsipras at Maximos Mansion.
According to sources, the two sides have agreed on the majority of issues. The pending issues currently being discussed include non-performing ("red") loans, a privatisation fund, and the deregulation of the energy market.
 

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