Greece's 2016 primary surplus was 4.19% of its gross domestic product--more than eight times higher than its bailout target, according to Greek officials.
Under the terms of its bailout program, Greece's had to achieve a 0.5% primary budget surplus last year-before debt payments. The figures have to be verified by the European Union's statistics arm Eurostat on Monday.
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Achieving high primary budget surpluses is key to the third bailout signed by Greece in mid-2015. Greece has to achieve a primary surplus of 1.75% in 2017, 3.5% in 2018 and maintain it for the medium term.
Earlier on Friday, the country's statistics agency, Elstat, said Greece's primary surplus stood at 3.9% of GDP under the EU accounting framework, versus a downwardly revised 2.3% deficit in 2015.
There is a different statistical treatment on some expenditure and revenue items under the terms of the bailout program.
Greece posted a 0.7% general government surplus of 0.7% of GDP, from a 5.9% deficit in 2015, Elstat said.
The country's general government debt rose to 179% of GDP last year from 177.4% in 2015, the figures showed.
(END) Dow Jones Newswires
April 21, 2017 08:50 ET (12:50 GMT)