The office of the Deputy Minister of Finances Christos Staikouras has released a statement announcing that the general government’s primary surplus at the end of July was estimated to be 3.2 billion euros (1.8% GDP).
According to the published data, the primary surplus goal set out in the bailout program for 2014 has been exceeded. The primary surplus in July 2013 was 1.8 billion euros (1% GDP).
Furthermore, the statement notes that the general government’s outstanding debts were reduced by 600 million euros for a total of 4.6 billion euros. This is the second consecutive years that Greece is within the bailout program’s fiscal targets.
