Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros

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

With Greece having completed two weeks of general lockdown and as Covid-19 data continued to cause alarm, Finance Minister Christos Staikouras tabled to Parliament on Friday the final 2021 budget, which was substantially revised from the draft document submitted at the start of October.

The impact and the ferocity of the second wave is reflected both on the macro and fiscal data for this year and next.

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