Greek Primary Surplus

Greece has achieved a primary surplus of 2.5 billion Euro, or 1.4 percent of gross domestic product, between January and September this year, the government announced on October 14.
The figure, which was announced by Alternate Finance Minister Christos Staikouras, surpassed the target of 1.5 billion Euro, or 0.8 percent of GDP, laid out in the government’s midterm fiscal program.
Earlier this month, Greece reported a primary surplus of 2.5 billion Euro in the January-August period, sharply up from a primary surplus of 1.2 billion Euro in the same period last year.
Minister Staikouras said the data appear to confirm predictions that Greece will manage to beat the IMF target for a primary budget surplus of 1.5 percent of GDP.
(Source: ekathimerini.com)