Greece will issue more bonds next year as it posts a second year of growth, the government forecast in its draft 2015 budget.
Athens said it would issue a seven-year and 10-year bond as well as a Treasury bill of over 26 weeks next year, emboldened by a successful return to debt markets earlier this year following a four-year hiatus.
Athens also confirmed it expects to report a budget surplus excluding interest payments of 2.9 percent of GDP next year, just shy of the 3 percent target set under the country’s 240-billion-euro EU/IMF bailout.
The budget also predicted Greece’s economy would grow 2.9 percent next year, in line with the bailout target.
“The country is entering into a long period of sustainable growth rate and primary budget surpluses, which will boost employment, cut unemployment and improve living standards for all citizens,” Deputy Finance Minister Christos Staikouras told reporters.
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