Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Greece sees 2.4% growth in 2018 budget
Business
October 3, 2017

Greece sees 2.4% growth in 2018 budget

ATHENS, Greece (AFP) — Greece’s economy will rebound with 2.4-per cent growth in 2018, and narrowly meet primary surplus targets, according to the government’s latest draft budget on Monday.

The surplus not counting debt payments “is expected to reach 3.57 per cent,” according to the budget draft tabled to parliament. The target mandated by Greece’s creditors is 3.5 per cent, up from 1.75 per cent this year.

Greece is expected to post 1.8-per cent growth this year, according to the draft.

The country’s debt is expected to grow to 327.9 billion euros (US$387 billion) from 318.7 billion euros this year, or 175.6 per cent of output.

And Athens intends to sell state assets worth just over 1.1 billion euros in 2018.

Greece has received two multi-billion euro bailouts since 2010.

The third rescue programme, currently financially supported by EU states but not the International Monetary Fund, runs to August 2018 and Athens then hopes to fully return to market financing.

In line with a June decision by European finance ministers, Greece plans to create a “cash buffer” to ease its way out of its third bailout in August.

This will be done “through the ESM (European rescue fund) and possibly through new bond issues,” the draft said.

In July, Greece made a symbolic return to debt markets after a three-year hiatus, selling three billion euros worth of five-year bonds at 4.625 per cent, lower than its previous outing in 2014.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

NBA’s Suns trade star forward Kevin Durant to Rockets – ESPN
Latest News, Sports
NBA’s Suns trade star forward Kevin Durant to Rockets – ESPN
June 22, 2025
WASHINGTON, United States (AFP) -- Two-time NBA champion forward Kevin Durant has been traded from the Phoenix Suns to the Houston Rockets for eight p...
{"jamaica-observer":"Jamaica Observer"}
Haitian Bridge Alliance calls for justice for black and brown refugees
Latest News, News
Haitian Bridge Alliance calls for justice for black and brown refugees
June 22, 2025
SAN DIEGO, United States (CMC) – The San Diego, California-based immigrant advocacy group, Haitian Bridge Alliance (HBA) has called for justice for bl...
{"jamaica-observer":"Jamaica Observer"}
Westmoreland police commended for reduction in major crimes
Latest News, News
Westmoreland police commended for reduction in major crimes
June 22, 2025
MONTEGO BAY, Jamaica - Mayor of Savanna-la-Mar, Councillor Danree Delancy, is commending the police for the reduction in major crimes in the parish, i...
{"jamaica-observer":"Jamaica Observer"}
IFC and Belize sign MOU to scale up public-private partnerships
Latest News, Regional
IFC and Belize sign MOU to scale up public-private partnerships
June 22, 2025
BELMOPAN, Belize, (CMC) – The International Finance Corporation (IFC), a member of the World Bank Group, and the Government of Belize on Saturday sign...
{"jamaica-observer":"Jamaica Observer"}
‘This government has done an amazing job’ says Holness
Latest News, News
‘This government has done an amazing job’ says Holness
June 22, 2025
CLARENDON, Jamaica — Prime Minister Andrew Holness says the ruling Jamaica Labour Party (JLP) has demonstrated its capability of fixing the country's ...
{"jamaica-observer":"Jamaica Observer"}
8-year-old girl among three killed in Clarendon crash
Latest News, News
8-year-old girl among three killed in Clarendon crash
June 22, 2025
CLARENDON, Jamaica — An eight-year-old girl was among three people who died in a motor vehicle crash at the intersection of the Salt River and Mitchel...
{"jamaica-observer":"Jamaica Observer"}
‘Dangerous escalation’: World reacts to US strikes on Iran
International News, Latest News
‘Dangerous escalation’: World reacts to US strikes on Iran
June 22, 2025
PARIS, France (AFP) -- The United States struck three nuclear sites in Iran on Sunday, joining Israel's bombing campaign after days of speculation ove...
{"jamaica-observer":"Jamaica Observer"}
Netanyahu congratulates Trump, says US ‘unsurpassed’ after attack on Iran
International News, Latest News
Netanyahu congratulates Trump, says US ‘unsurpassed’ after attack on Iran
June 22, 2025
JERUSALEM, Undefined (AFP) -- Israeli Prime Minister Benjamin Netanyahu congratulated Donald Trump on Sunday for the "bold" US strikes on Iranian nucl...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct