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Greece primary surplus, deficit debt revised to worse

Staff Writer | October 21, 2016
Greece’s fiscal data for 2015 were revised to the worse with the primary budget surplus amounting to 0.2% of GDP compared to the previous reading of 0.7%, according to the National Statistics Service final data.
South of Europe   Budget deficit was 7.5% of GDP
Also, budget deifict was 7.5% of GDP or 13.2 billion euros, compared to April’s reading of 7.2% in deficit.

Debt was revised to the worse, standing at 177.4% of GDO or 311.7 billion euros, versus 176.9% previously. The impact of support to banks on the government’s deficit was 4.1%.

“Since the April 2016 EDP notification there has been continuous communication and close cooperation between ELSTAT and Eurostat to ensure consistency with Regulation (EC) 479/2009 as in force.

Eurostat’s technical expertise has been explicitly sought on all critical areas of the EDP data compilation.

In addition, during the period since the last EDP notification, ELSTAT has regularly consulted an external technical expert,” NSS said in a statement.