ECONOMY

Primary surplus to reach at least 340 mln in 2013, says ministry’s draft budget

Greece confirmed on Monday it will post a small primary budget surplus this year, making it eligible for additional debt relief from its international lenders.

Greece sees a primary surplus – which excludes debt servicing costs – of at least 340 million euros in 2013, Deputy Finance Minister Christos Staikouras said as he unveiled the 2014 draft budget.

The budget also confirmed the economy would shrink by 4 percent in 2013 with unemployment standing at 27 percent.

[Reuters]