Brussels

'Biggest budget surplus in 2013 since 2000' says EU

5.1% in 2013, 4.1% in 2012

'Biggest budget surplus in 2013 since 2000' says EU

Brussels, December 18 - Italy's primary budget surplus next year will be 5.1% of GDP, the highest since 2000 when it was 4.5%, the European Union said Tuesday. This year's primary surplus is forecast at 4.1%, the EU said in its Fiscal Sustainability Report 2012. Outgoing Premier Mario Monti's austerity policies have put Italy on track to balance the budget in structural terms next year.

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