The primary surplus for the general government in 2019 will reach 4.1 pct of the GDP, Finance Ministry sources reiterated on Wednesday, in response to the third report on Greece by its creditors released the same day, according to ANA.
The report, following a review in Athens by the institutions, is part of the EU’s enhanced surveillance programme following Greece’s latest fiscal adjustment programme in August 2018. In it, the institutions warned that reform efforts have slowed down during recent months and expressed concern about the future rate of their implementation.
In a response, FinMin sources said that the primary surplus for the general government in 2019 will surpass the target by 0.6 pct and create a fiscal breathing space. As the relief measures voted recently in parliament have been costed at 0.6 pct of GDP, they said, it was certain that the 2019 target will be met.
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