[ad_1]
Finance Minister Makis Keravnos, who briefed the Council of Ministers on Friday on the six-month fiscal policy report, said the economy was moving upward and showing resilience.
In a statement after the Cabinet meeting, Mr. Krafnos said the purpose of this information and report is to understand whether the financial data remains within the forecast range, noting that in case of negative forecasts and deviations, corrective measures will be taken.
“As far as we are concerned, the six-month report shows a positive bias. It (the report) was in line with our forecasts and it was better than our forecasts, which means our economy is moving upwards, showing resilience,” he said.
The minister hinted that as of the end of June, the fiscal balance as a percentage of GDP was 1.3%, and the primary balance as a percentage of GDP (a very important indicator) was 2%.
In addition, he said that the ratio of public debt to GDP has dropped from 77.6% in 2023 to 72.3%, with the goal of being close to 60% or even below 60% by the end of 2026.
The GDP for the same period of 2023 was 29.8 billion, while it was 31.5 billion as of June 24.
Source: KYPE
[ad_2]
Source link
