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Athens Macedonian News Agency: News in English, 15-04-16

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

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

CONTENTS

  • [01] Greek public debt at 177.1 pct of GDP in 2014

  • [01] Greek public debt at 177.1 pct of GDP in 2014

    ANA/MPA---Greece's public debt totaled 317.1 billion euros, or 177.1 pct of GDP, at the end of 2014, Hellenic Statistical Authority said on Wednesday.

    The statistics service, in a report, also said that the general government's deficit was 6.4 billion euros, or 3.5 pct of GDP (the figure is not related with a fiscal surplus/deficit of the memorandum). The country's Gross Domestic Product totaled 179.081 billion euros last year, down from 182.438 billion in 2013 and 207.752 billion at the end of 2010. The country's public debt (excluding the year 2012 with the introduction of a PSI program) continues rising as a percentage of GDP, although falling in nominal value. The public debt was 355.977 billion euros (171.3 pct of GDP) in 2010, 304.714 billion euros (156.9 pct of GDP) in 2011, 319.178 billion (175 pct of GDP) in 2013 and 317.094 billion euros (177.1 pct of GDP) in 2014.

    The statistics service said that if spending on state support to financial institutions and their impact on the general government balance was taken into account, the result was a primary surplus of 0.4 pct of GDP in 2014.


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