Greek primary surplus totalled 3.4 billion euros in 2013‏

Greece's primary surplus totalled 3.4 billion euros in 2013 (excluding the financial support offered to banks), Alternate Finance Minister Christos Staikouras said on Wednesday.

Greek primary surplus totalled 3.4 billion euros in 2013‏


The primary surplus figure was based on Eurostat's methodology, while the troika estimates this figure at 1.5 billion euros.
Greece's primary surplus in 2013 amounted to 1.5 billion euros, corresponding to 0.8 percent of the country's GDP, a European Commission spokesperson said in Brussels according to ana-mpa

The general government's deficit for 2012 and 2013, based on the European Account System (ESA 95), excluding the impact from supporting Greek banks, fell below budget provisions, with the shortfall totaling 3.8 billion euros in 2013 or 2.1 pct of the country's GDP, a figure below the average rate both in Europe and the Eurozone, the Finance ministry said on Wednesday.

In a report, the ministry noted that the general government's primary surplus, based on ESA 95, excluding the impact from supporting Greek banks, totaled 3.4 billion euros in 2013. The primary surplus, based on the framework of an Economic Policy Program, is estimated at 1.5 billion euros, higher than the programme's provisions for zero surplus and surpassing budget provisions for a surplus of 812 million euros.

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