June 3, 2015 / 1:05 PM / 4 years ago

Creditors want Greece to gradually raise primary surplus to 3.5 pct in 2018

BRUSSELS, June 3 (Reuters) - International creditors want Greece to have a budget balance before debt servicing costs of 1 percent this year, gradually rising to 3.5 percent in 2018, euro zone officials said.

The proposal is to be presented to Greek Prime Minister Alexis Tsipras at 1900 GMT on Wednesday at a meeting with the representatives of the creditors in Brussels.

The primary surplus target for 2016 is to be 2 percent, in 2017, 3 percent of GDP and in 2018 it is to rise to 3.5 percent, the creditors’ proposal says, according to officials familiar with it.

This is substantially lower than the primary surplus targets agreed with the previous Greek government of 3 to 4.5 percent. (Reporting By Jan Strupczewski)

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