Positive assessment of Greece’s 2020 draft budget at European Commission, sources say
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.
You may be interested
Covid-19 Greece – 2,018 new cases on Thursdaymakis - Nov 26, 2020
The Greek authorities announced 2,018 new cases of coronavirus on Wednesday, of which 2 were detected following checks at the…
Covid-19 Greece – 2,152 new cases on Wednesdaymakis - Nov 25, 2020
The Greek authorities announced 2,152 new cases of coronavirus on Wednesday, of which 6 were detected following checks at the…
Greece provides 50% tax deductions to foreigners and Greeks abroadPanos - Nov 25, 2020
The Greek Finance Ministry is introducing a series of tax incentives with the aim of attracting foreign workers and the self-employed, as…