BUSINESS

Last year’s primary budget surplus is cut to just 0.2 percent

SOTIRIS NIKAS

TAGS: Finance

The Hellenic Statistical Authority (ELSTAT) on Thursday revised last year’s fiscal result down by half a percentage point of gross domestic product, after processing updated figures and the adjustment of the GDP data.

According to ELSTAT, the primary surplus recorded in 2015 amounted to just 0.2 percent of GDP (excluding the extraordinary cost of the banks’ recapitalization), against an estimate for 0.7 percent in April.

GDP amounted to 175.7 billion euros and the national debt came to 177.4 percent of GDP, up from the previous estimate of 176.9 percent of GDP.

Online