27/01/17
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Since 2009, Greece has accomplished a remarkable improvement in its fiscal position, especially when measured in cyclically adjusted terms.
After achieving its fiscal target in 2012, Greece achieved a primary budget surplus of 0.8% in programme terms in 2013, beating its target by a significant margin.
Note: The fiscal balances use the programme definition outlined in the Technical Memorandum of Understanding published with the programme documentation: The Second Economic Adjustment Programme for Greece. Fourth Review (pag 265).
Source: The Second Economic Adjustment Programme for Greece. Fourth Review
For more details on Greece's economic situation:
Greece's Economic Adjustment Programme
The Second Economic Adjustment Programme for Greece. Fourth Review
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