Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP

EconomyMacroeconomy Tags: Budget, Debt, ECB
Photo by MacroPolis
Photo by MacroPolis

Following two years during which the pandemic forced the Greek authorities to provide extensive support packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft 2022 budget anticipates the debt-to-GDP ratio resuming a downward path.

The Finance Ministry provided in 2020 and 2021, 11.6 and 15.6 billion euros respectively of support measures with direct fiscal impact. For 2022 the support package is significantly reduced to just 2.9 billion euros.

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