Draft Budget for 2017 foresees growth for the first time after eight years

Draft Budget for 2017 foresees growth for the first time after eight years

Athens, September 30, 2016/Independent Balkan News Agency

By Spiros Sideris

Growth of 2.7% foresees the 2017 draft budget, which was filed on Monday in the House.

Competent sources of the Ministry of Finance confirmed the prediction that marks the return of the Greek economy to strong growth after eight years of recession.

The PDB will be further aligned with the objectives of the economic policy program for the primary surplus of 0.5% of GDP this year and 1.75% in 2017.

The draft budget for next year is to be filed on Monday in the House.

The general government debt is expected to fall to 175.8% of GDP next year from about 180% this year.