The Minister of Finances Yanis Varoufakis has argued that the monthly goals as set out in the budget for 2015 may be reviewed in order to comply with overall goal for a 1.5% GDP primary surplus.
This was revealed in a document that was submitted in Parliament earlier today and follows the Greek government’s pledge to its partners and creditors. Mr. Varoufakis explains that “monthly goals may be reviewed based upon the new target negotiated by the Government with its partners and that takes into account current developments in the economy”.
Furthermore, the Finance Minister explains that “the recent decision of the Eurogroup states that the targeted primary surplus will be determined by taking into account the economic conditions of 2015”.
The Finance Minister’s document was submitted in response to a question posed by New Democracy MP Lefteris Avgenakis regarding the possibility of a budget deficit in 2015 budget.
Finally, Mr. Varoufakis explains that the 2.9% projected growth rate for 2015, along with other basic macroeconomic variables, will be reviewed after the new economic policy framework is established.
