Greek primary surplus target should be cut to 1.5-2 percent after 2018

June 22, 2016 8:51 AM

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Greek primary surplus target should be cut to 1.5-2 percent after 2018

ATHENS Greece's primary surplus budget target beyond 2018 should be lowered to 1.5-2 percent of gross domestic product, the country's Deputy Finance Minister George Chouliarakis said on Wednesday.

Under its third international bailout, Athens has agreed to achieve a primary budget surplus of 3.5 percent of GDP in 2018, although the International Monetary Fund and some Greek officials have argued that the target is not realistic.

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