BREAKING NEWS

Greece targets 4.2 deficit next year in draft budget

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.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use

Read all Tweets >