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Athens Macedonian News Agency: News in English, 14-07-07

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek budget records 1.2-bln-euro primary surplus in Jan-May‏

  • [01] Greek budget records 1.2-bln-euro primary surplus in Jan-May‏

    ANA/MPA---Greek budget recorded a primary surplus of 1.2 billion euros in the first five months of the year, the Finance ministry said on Monday.

    In a report on budget execution, the Finance ministry said that the primary surplus totaled 1.2 billion euros in the January-May period this year, from a primary deficit of 1.6 billion euros in the corresponding period in 2013, while excluding the overdue debt repayment program, the primary surplus totaled 1.6 billion euros.

    Finance Alternate Minister Christos Staikouras, commenting on the budget results said the country, for the second successive year, recorded high and sustainable primary surpluses, a confirmation that its public finances were stabilizing, safeguarding the basic and necessary condition for economic recovery through the painful sacrifices made by the Greek households and enterprises.

    "Confidence on Greek economic outlook was gradually restored, while signs signalling a forthcoming exit from the recession this year were increasingly strengthening. We now face a new big challenge. To transform, the soonest possible, stabilization into a dynamic and sustainable growth, with social cohesion. For this reason it is of national interest to safeguard all achievements so far. And this needs a national plan and hard work, away from populism, party politics and personal games. We must show unreserved participation in sacrifices and social solidarity to push the economy forward and the society towards a cycle of prosperity for all citizens," Staikouras said.


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