The primary deficit for 2022 came to zero, compared to a forecast of 1.6%, Finance Minister Christos Staikouras told Athens-Macedonian News Agency (ANA-MPA) in an exclusive statement, due to higher development, ANA reports.
Greece’s economy covered a gap of nearly 3.4 billion euros. “The best fiscal result compared to the forecasts so far is mainly due to higher development,” he told ANA-MPA, adding that “this helps the economy and society.”
This also improves the target of a general government surplus of 0.7% of GDP, ahead of Eurostat’s publication of its report on April 24, and brings Greece closer to achieving investment grade. This would bring an annual fiscal benefit of 900 million to 1 million euros, as it will lead to lower interest rates for public administration.
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