Greek Public Debt To Decline In 2014

Greek Public Debt To Decline In 2014

The Pubic Debt Management Organization said on Tuesday that the Greek public debt is expected to decrease this year -  both in absolute terms and as a percentage of GDP - for the first time after years of rises. In a report to Parliament, the organization noted that net borrowing for 2014 would be 3.6 billion euros in 2014, so the country needed to borrow less to finance its budget. Greece has succeeded in achieving a primary budget surplus, promoting a privatization program and reducing interest spending following a debt restructuring in March 2012, it stressed.

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