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> Economy

Greece seeks lower surplus targets

Greece wants to reduce its ballout target to 2-2,5%

Newsroom September 15 10:05

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Greek Finance Minister Euclid Tsakalotos  and Alternate Finance Minister Giorgos Chouliarakis will ask for a lower fiscal target for Greece after 2018 from the representatives of the institutions on Thursday.
Greece has agreed to achieve a primary surplus – which excludes the cost of servicing debt – of 3.5 percent of gross domestic product in 2018. It wants to reduce its bailout target to 2-2.5 percent in 2019 and even lower in 2020 (maybe 1,7%).
They want Delia Velculescu from IMF as an ally and they do not know how the European Central Bank will stand on the matter.
The agenda of the meetings contains the strategy for growth, as well as the thorny issues of an expenditure review and of social benefits. Another agenda item is the staffing of the new Independent Authority for Public Revenue, plus some other tax issues, and the reform of the public administration

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