Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year

EconomyMacroeconomy Tags: Budget, Covid, Debt, GDP, Revenues, Taxes
Photo by MacroPolis
Photo by MacroPolis

The Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek authorities see a substantial recovery next year that will offset most of the losses suffered in 2020 due to the pandemic.

The draft budget also sees a bridging of the gap on the fiscal front, which was formed due to the various support measures that the authorities had to undertake to cushion the pandemic’s impact.

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