Greek Budget For 2018 Foresees Growth Of 2.4%, Primary Surplus Of 3.5%

Date: 02.10.2017 / By Tasos Kokkinidis / / Comments (0)

Finance Minister Euclid Tsakalotos is submitting the draft budget for 2018; which foresees a growth rate of 2.4% and a primary surplus of 3.5% of GDP, to the Greek parliament on Monday.

According to reports by the semi-official Athens News Agency (ANA), the targets of the draft budget are in line with those of the Medium-term Fiscal Strategy and their achievement is expected to lead to the completion of the third bailout agreement in August 2018.

The draft says that the target for the primary surplus of 2017 has exceeded expectations. It now stands at 2.2% of GDP instead of a 1.75% target.

ANA says that the excess, as the government has already announced, is expected to be allocated as a social dividend to vulnerable population groups on the basis of decisions to be taken in the coming period.

Among other things, the draft budget for 2018 envisages:

– Reduction of unemployment to below 20%.

– Increase in private consumption by 1.4%

– Reduction in public consumption by 0.2%

– Increase in total private and public investment (gross fixed capital formation) by 12.6%

– Increase in exports of goods and services by 4.7%

– Increase in imports of goods and services by 4.4%

Reviews & Comments ( has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry.’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos,,,,,, People Greece,, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting ( Created, produced and edited by George Stroumboulis’ media company, BouliBrand (, this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (, Twitter (, LinkedIn (, YouTube (, and Instagram ( Use the hashtag #GPE360 and #HellenicHomeHunting.

featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!