Greece will have a primary deficit this year, as spending will exceed revenue once more

Greece will have a primary deficit this year, as spending will exceed revenue once more

"Greece will have a primary deficit this year, as spending will exceed revenue once more," Finance Minister Christos Staikouras said on Thursday, "so voices calling for more support measures, such as cutting a special consumption tax on fuel, means that they support a higher fiscal deficit, higher interest rates and costs, measures that will lead to more burdens for households and enterprises in the medium-term."

Speaking in Parliament, the Greek FinMin noted that the government has proven that it intervenes timely and generously to support vulnerable social groups. "We proved it in the pandemic and in the energy crisis. Whenever there is fiscal space the state returns this to the society and particularly to medium and low incomes," he said, adding that during the energy crisis Greece offered twice the amount of money compared with the European average to support households and enterprises.

Staikouras said Greece was expecting a decision by the Eurogroup and the European Commission in two weeks' time to withdraw the enhanced surveillance status for Greece, helping the country to return to European normality.

SEARCH

[%EVENTS_SIDEBAR%]
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.