Greek government announces 603 million euro primary surplus for 2013

Written by on January 24, 2014 in Europe - No comments

The Greek government will try to use the final budget implementation data of 2013 that show a primary surplus of 603 million euro as a bargaining chip in the eurogroup meeting on January 27.

Greek finance minister Yannis Stournaras is expected to present these figures for lack of an agreement with the Troika.

These numbers make for a strong case since they were challenged by the Troika, while it is also a requirement in order for the European partners to proceed with measures that will alleviate the greek debt.

The tax revenues have been supported exclusively by property taxes, while a major factor in the achievement of the primary surplus was the reduction in expenditure by 15 per cent.

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(Photo: Miroslav Sárička/sxc.hu)

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