Troika, Govt Near Deal on Primary Surplus, Pace of GDP Fall
Monday, 23 September 2013
The government's financial team and the EU-IMF Troika of Greece's creditors on Sunday reached an agreement on the size of a primary budget surplus at the end of the year and a slightly lower rate of recession, the Athens News Agency - Macedonian Press Agency reported.
The news agency quoted a senior finance ministry official as saying the sides were "close to converging on a small, realistic, sustainable primary surplus," while their estimates on the size of the recession diverged by just 0.1 percentage points.
Senior finance ministry officials estimate the rate of recession at 3.8% of GDP.
The Troika’s initial forecast was for an economic drop of about 4.2%.
According to the same source, Sunday's talks focused mainly on the execution of the 2013 budget and the estimates for the end of the year. The talks on this issue are expected to continue throughout the week.