The fiscal consolidation effort contributed to an improvement in the general government primary balance as a percentage of GDP by more than 11 percentage points over the period 2009–2015, despite the deepening recession. In fact, in the period 2013–2015 Greece managed to maintain small primary surpluses (as defined in the programme) in the general government budget for the first time since 2001.
Ipumbu Shiimi: Opening of the office of the Payments Association of Namibia Speech by Mr Ipumbu Shiimi, Governor of the Bank of Namibia, at the official opening of the office of the Payments Association of Namibia, Windhoek, 6 March 2012.