Greece targets 4.2 deficit next year in draft budget

By REUTERS
October 1, 2012 15:33




ATHENS - Greece will seek to shrink its fiscal deficit to 4.2 percent of national output (GDP) next year from a projected 6.6 percent in 2012, with its economy forecast to contract by 3.8 percent, according to the country's draft budget released on Monday.

The draft budget targets a primary surplus of 1.1 percent of GDP next year with unemployment expected to hit 24.7 percent.

Public debt is projected to reach 179.3 percent of GDP.


Related Content
Breaking news
December 12, 2017
Trump signs defense policy bill, urges US Congress to fund it

By REUTERS

Israel Weather
  • 12 - 27
    Beer Sheva
    12 - 27
    Tel Aviv - Yafo
  • 12 - 21
    Jerusalem
    14 - 22
    Haifa
  • 15 - 26
    Elat
    13 - 26
    Tiberias