The government proposes lowering the primary surplus on a commitment basis from 1.5% to 0.5% of GDP from 2027. A primary surplus is the excess of revenue over spending before interest payments. Reducing it leaves more room for expenditure, but also means a smaller contribution towards containing debt, other things being equal.
The government proposes lowering the primary surplus on a commitment basis from 1.5% to 0.5% of GDP from 2027. A primary surplus is the excess of revenue over spending before interest payments. Reducing it leaves more room for expenditure, but also means a smaller contribution towards containing debt, other things being equal.
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Source: MyJoyOnline
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