Greece's 2014 deficit more than double forecasts

GMT 10:10 2015 Wednesday ,15 April

Arab Today, arab today Greece's 2014 deficit more than double forecasts

Greece's PM Alexis Tsipras
Athens - Arab Today

Greece's budget deficit was 3.5 percent of GDP in 2014, the official statistical agency said Wednesday, more than doubling forecasts.

The government that preceded the radical leftist government elected in January had forecast a deficit of 1.3 percent of GDP, while the European Commission's forecast was 1.6 percent.

Public debt reached 177 percent of GDP, the office said.

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