An IMF report, released on Friday, called on the Greek government and its European partners to agree over a reduction in the current 3.5-percent primary budget surplus target that Athens must meet annually, stressing that a lower figure should take effect in 2020, naftemporiki.gr reports.
The Washington D.C.-based Fund pointed out a lower fiscal target would boost the dynamic for economic growth, which it forecasts will not exceed 2 percent of GDP in 2019 and 2020. At the same time, the IMF reports cites a fiscal “gap” in the 2020 state budget.
The report, named a “Concluding Statement” by the IMF, cites the preliminary findings of its auditors at the end of a recent official staff visit to Greece.
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