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Athens Macedonian News Agency: News in English, 14-04-15
CONTENTS
[01] Greek public debt to decline in 2014, says report
[01] Greek public debt to decline in 2014, says report
ANA/MPA---The Greek public debt will fall this year for the first time
after decades of rising trends, not only in absolute numbers but as a
percentage of GDP, Pubic Debt Management Organization said on Tuesday.
In a report to Parliament, in response to a question by Maria Giatagana,
an independent deputy, the Organization stressed that the country's
public debt will fall both in absolute prices and as a percentage of GDP
this year, for the first time after several decades of rising trends,
after the country achieved a primary budget surplus, reducing interest
spending following a debt restructuring in March 2012 (PSI) and promoting
a privatization program. The Organization noted that net borrowing for
2014 will be 3.6 billion euros this year, offering evidence that the
country needed to borrow less to finance its budget.
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