The figure, which includes debt service, marks the first time that Greece has reported a government surplus since Eurostat began recording the indicator in 1995 and comes as the heavily-indebted country and its European creditors are aiming to finalise the terms of its next bailout payment.
In 2015, the country reported a government deficit of 5.9 per cent of GDP.
However, despite the progress, Greece’s government debt was still the highest in the EU, amounting to 314.9 billion euros, or 179 per cent of GDP in 2016.
The European Commission said the Eurostat data indicated a budget surplus excluding debt service – known as a primary surplus – of 4.2 per cent of GDP in 2016.
“This is significantly above the 0.5 per cent of GDP program target set for 2016 and even above the target of 3.5 per cent set for 2018,” said Margaritis Schinas, spokesman for the European Commission.
“This confirms the trends …
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