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IMF for Greece: Primary surplus & stable reduction of debt

Greece achieved the largest debt reduction in 2021 & 2022 - Debt is at 166% of the GDP it will fall to 160.5% by 2024 - Primary surplus is at 0,4%

Greek state budget showed a primary surplus of 494 million euros in Jan-March

Tax returns totaled 1.058 billion euros in the January-March period, up 74 million from targets

Greek public debt eased to 331.063 billion euros in Q4 2019

Income and property taxes totaled 4.57 billion euros (17.9 pct of total revenue), down from 4.985 billion euros (19.1 pct) in the fourth quarter of 2018

Greek state budget showed primary surplus of 595 million Euros in January-March

In March, net revenue was 3.647 billion euros, up 403 million from targets, reflecting the collection of 779 million euros from the Bank of Greece

Huge budget surplus of over € 3 billion forecast for 9-month term

The initial target was € 1.47 billion

The Economist backs calls for Greek primary surplus targets to be lowered

Greece’s bailout deal “was designed to look tough in order to be palatable to electorates in the north of Europe, but experts agree that it is wildly unrealistic”...

Bank of Greece: “Alarm bells” for this year’s surplus

For 2019 the forecast of the Bank of Greece is a primary surplus of 2,9% of GDP against a target of 3,5% of GDP

European Commission on Tsipra’s benefits: The cost will be over 1% of GDP

The additional benefits for 2020 will have a fiscal impact of 1.2 billion or 0.6% of GDP

Bruno Le Maire: We are not far from a final settlement on Greek debt

He also noted the need for an agreement between Greece and the International Monetary Fund (IMF) on the size of primary surpluses

Parliament Budget Office warns about premature optimism over Greek Economy

The country would have to sustain unfeasible yearly primary surpluses at least until 2060!

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