×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Greece | Economy

Greece Promises Creditors it Will Deliver on Budget Pledge

Greece Promises Creditors it Will Deliver on Budget Pledge

Monday, 07 October 2019 08:39 AM EDT

ATHENS, Greece (AP) — Greece has promised bailout lenders it will deliver a budget surplus next year and accelerate economic growth, according to the country's draft 2020 budget.

The draft submitted Monday to parliament includes growth forecasts of 2.0% and 2.8% for 2019 and 2020 — above the European Commission's forecast of 2.2% growth in Greece next year.

The country's new conservative government has pledged to renegotiate a commitment to deliver high primary surpluses — the annual balance before debt costs — but says it will honor that pledge next year keeping that surplus just above the target figure of 3.5%.

Greece ended its third successive international bailout last year but remains under regular budget supervision from European Union institutions that control the terms of bailout debt repayment.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Greece has promised bailout lenders it will deliver a budget surplus next year and accelerate economic growth, according to the country's draft 2020 budget.The draft submitted Monday to parliament includes growth forecasts of 2.0% and 2.8% for 2019 and 2020 - above the...
EU,Greece,Economy
124
2019-39-07
Monday, 07 October 2019 08:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved