Government Records 2.4% of GDP Fiscal Surplus in First Eight Months

The government recorded a fiscal surplus of €431.5m, or roughly 2.4 per cent of GDP, on a cash basis in the first eight months of the year, compared to €12.1m in 2016, the finance ministry said. The government initially aimed at generating a fiscal surplus of 0.2 per cent but revised the target last month to 0.9 per cent against 0.4 per cent in 2016.