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Greece’s primary surplus totaled 3.8 pct of GDP in 2016, gov’t sources say

Greece’s primary surplus totaled 3.8 pct of GDP in 2016, gov’t sources say

Greece’s primary surplus totaled 3.8 pct of the country’s GDP last year, based on the memorandum signed with the country’s creditors, sharply up from a 0.5 pct target envisaged in the programe, government sources told the Athens-Macedonian News Agency (ANA) on Monday.

Their comments were made after Hellenic Statistical Authority earlier announced that the general government’s surplus – based on the excessive deficit procedures – totaled 0.8 billion euros or 0.5 pct of GDP in 2016.

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