ECONOMY

Greek Jan-Dec primary budget surplus at 1.92 billion euros

Greece’s central government posted a primary budget surplus of 1.92 billion euros ($2.25 billion) in 2014, the finance ministry said on Wednesday, falling short of the government’s projection.

Greece was aiming at a central government primary budget surplus of 4.9 billion euros in its latest budget.

The central government surplus excludes the budgets of social security organizations and local administrations and is different from the figure monitored by Athens’s EU/IMF lenders, but indicates the country’s progress in repairing its finances.

Athens has targeted a general government primary budget surplus of 1.8 percent of gross domestic product in 2014. [Reuters]