Positive assessment of Greece’s 2020 draft budget at European Commission, sources say

17 October 2019
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Τhe European Commission on Wednesday posted on its website Greece’s 2020 draft budget plan envisaging a primary surplus of 3.7 pct of GDP in 2019 and a surplus of 3.6 pct of GDP in 2020, including the package of measures worth 1.2 billion euros announced by the government.

The measures envisaged in the draft budget plan are essentially identical with those tabled by the government in Parliament last week and, according to sources, the European institutions’ initial assessment is positive. The Commission’s final assessment will be announced on November 20.

The draft budget plan also envisages an economic growth rate of 2.8 pct in 2020, after a 2.0 pct growth rate in 2019. The finance ministry has slightly lowered estimates for revenue from e-transactions (from 642 million to 557 million euros) but expects an additional 73 million euros in revenue from lottery and gaming licenses.

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