Greece Posts Budget Surplus in 2013 at Central Gpvy Level
Thursday, 16 January 2014
Greece's central government posted a primary budget surplus of 700 million euro in 2013 and will also post a surplus at the more closely watched general government level, Reuters reported, quoting the country’s deputy finance minister.
Greece is targeting a 2013 primary budget surplus of about 812 million euro or 0.4% of gross domestic product at the general government level.
The country’s international lenders follow closely the general government surplus - which includes local government budgets and pension funds - rather than the central government data, which, however, indicates Greece is on track to meet the wider target.