Greek 2018 Primary Budget Surplus Exceeds Forecasts

Mon, 20 May 2019

Greek 2018 Primary Budget Surplus Exceeds Forecasts

Voice of America
23 Apr 2019, 23:08 GMT+10

ATHENS - Greece's budget performance in 2018 was better than expected following some revenue-boosting measures by the government.

According to the country's statistical agency, Greece recorded a primary budget surplus, which excludes the cost of servicing the country's vast public debt, of 4.4 percent of its annual output. That's ahead of government projections of 4.1 percent.

The agency also said Tuesday that the country's debt mountain rose to 181 percent of GDP in 2018, from 176 percent in 2017.

Greece's debt dynamics have been shaken by a debt crisis that led to a deep recession and forced Athens in 2010 to seek a massive international bailout. In exchange for the loans, successive governments implemented strict austerity measures.

Though Greece ended its bailout era last summer, it still has to post surpluses for years to come.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.

More Information

Southeast Asia

Mobs in Myanmar threaten Muslims wanting to worship during Ramadan

YANGON, Myanmar - Mobs are forcing government authorities in Myanmar to restrict Muslims from worshipping during the holy month of ...

Chennai: 2.56 kg gold worth Rs 82 lakh seized

Chennai (Tamil Nadu) [India], May 19 (ANI): A total of 2.56 kg gold worth Rs 82 lakh has been seized ...

Egypt: 14 injured as blast targets tourist bus near Gaza pyramids

Cairo [Egypt], May 19 (ANI): At least 14 people were injured after a roadside explosion targeted a tourist bus, carrying ...

Egypt: Bomb Targets Tour Bus Near Giza

At least 16 people were injured in a blast targeting a bus near Egypt's Giza pyramids Sunday, security sources said.Most ...

Foreign embassies websites under cyber attack in Sri Lanka

Colombo [Sri Lanka], May 19 (ANI): Websites of at least 11 foreign embassies, including the Kuwait Embassy, here has come ...

India gender-row sprinter Chand says she is gay

New Delhi - Top Indian sprinter Dutee Chand revealed on Sunday that she is gay, becoming the first athlete from ...

International

Report: GCC countries to host U.S. troops to counter Iranian threat

RIYADH, Saudi Arabia - A newspaper in Saudi Arabia in a report published on Saturday says the kingdom and other ...

Incumbent PM Scott Morrison snatches victory in Australian election

CANBERRA, Australia - In Australia, the Liberal-National Party Coalition has been re-elected in a shock result in which Labor lost ...

Report says Israeli PM pushing Trump to attack Iran

JERUSASLEM - Behind the continual hostility towards Iran by the United States, and the recent flare-up in tensions is lsrael, ...

Sana'a struck in series of airstrikes, UN Security Council looks on

SANA'A, Yemen - Reports are still coming in on the deadly air strikes that hit the Yemen capital on Thursday, ...

10 dead after collapse of wall during factory demolition

SHANGHAI, China - At least ten people have been confirmed dead after the collapse of a factory wall in Shanghai ...

Ex-CIA agent gets twenty year prison term for selling secrets to China

VIRGINIA - A former CIA agent was jailed for twenty years on Friday after being convicted on espionage charges. Kevin ...

Movie Review

Jacob's Ladder

jacob's ladder