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.