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  • Primary surplus amounts to 1.2 billion euros in May 2014

    According to the Deputy Minister of Finances Christos Staikouras, the primary surplus of the general government from January…

    According to the Deputy Minister of Finances Christos Staikouras, the primary surplus of the general government from January to May 2014 cameo to 1.2 billion euros, compared to a 1.6 billion euro deficit a year before.

    On a central management level, the primary surplus amounted to 175 million euros compared to a 3.8 billion euro deficit a year before. If outstanding payments are excluded, the primary surplus is increased to 1.6 billion from 415 million euros last year.

    Mr. Staikouras noted that the fact that Greece continues to have viable primary surpluses for a second year in a row indicates that the country’s public finances are beginning to stabilize.

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