Sentences with phrase «primary budget surplus»
A primary budget surplus refers to a situation where a government's revenue exceeds its expenses, excluding its interest payments on debt. It means that the government is generating enough income to cover its day-to-day operational costs, without even considering the interest it owes on any outstanding loans. Full definition
If Italy's primary budget surplus dips below 1 pct of GDP, cutting overall debt will be hard, a Breakingviews calculator shows.
breakingviews.com
Italy is now running a primary budget surplus with a stock of debt that, according to Ugo Panizza of the Graduate Institute of International and Development Studies, could easily be restructured:
Greece has committed to attaining a primary budget surplus — excluding debt servicing costs — of 3.5 % of economic output by 2018 as part of its third bailout package since 2010.
The fiscal measures needed to generate 3 billion euros would bring the primary budget surplus in 2015 to just over 1 percent of GDP, a target Greek Interior Minister Nikos Voutsis said is acceptable.
It's one of the few countries with a primary budget surplus.
It's one of the few countries with a primary budget surplus & their Debt / GDP ratio is a manageable 81.6 %.