Draft 2022 budget represents first attempt to restore post-pandemic fiscal order

EconomyMacroeconomy Tags: Budget, Revenues, Taxes

Following two years during which Greece was allowed, thanks to the SGP escape clause, to run substantial deficits to protect its economy from the impact of the pandemic, 2022 sees some sense of fiscal order returning based on the draft budget submitted to Parliament on Monday.

Using the enhanced surveillance methodology that Greece is subject to until next summer and excludes exceptional items such as SMP and ANFA profit disbursements and spending on migration, Greece ran a primary deficit of 12.49 billion euros in 2020 and i...

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