Primary surplus: Difference between revisions
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* [[Credit rating]] | * [[Credit rating]] | ||
* [[Deficit]] | * [[Deficit]] | ||
* [[ | * [[Gross domestic product]] (GDP) | ||
* [[Primary]] | * [[Primary]] | ||
* [[Surplus]] | * [[Surplus]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] |
Latest revision as of 12:38, 26 June 2022
Central government finance.
A country's primary surplus is the component of the fiscal surplus that is comprised of current government spending less current income from taxes, and excludes interest paid on government debt.
If a country has larger levels of income relative to current spending, it is said to have a primary surplus. If it has larger levels of current spending relative to income, it is said to have a primary deficit.
Greece exits bailout programme
- "... Greece is reemerging onto the global financial scene, having exited its bailout programme.
- The country can again raise money for itself on the markets, albeit at an expensive rate due to its poor credit rating and weak economy.
- It also has stringent criteria to meet including a primary surplus of 3.5% of GDP until 2022..."
- The Treasurer magazine, October 2018, p6 - Agenda.