Site icon News Portal NP

Greek Economy on Track for Continued Growth, Says FinMin

Greek Economy on Track for Continued Growth, Says FinMin

Economy and Finance Minister Kostis Hatzidakis highlighted the government’s commitment to maintaining fiscal stability and promoting growth through a combination of pro-growth policies and social support measures. Despite global challenges, Greece’s economy is on a growth trajectory, outperforming the eurozone average, as outlined in the 2025 State Budget discussions.

The budget reflects decreasing unemployment rates and a rapid reduction in public debt, with projected revenue increases driven by economic growth rather than higher taxes. The government’s efforts to raise wages and combat tax evasion are also evident.

The 2025 budget forecasts a rise in net revenue and expenditures compared to 2024, with a projected total deficit of 1% of GDP. Greece is expected to achieve a primary surplus of 5.967 billion euros, indicating economic progress and industrial growth in investments and exports.

Key economic indicators from Eurostat and OECD support Greece’s positive performance, including leading cumulative investment growth in the EU and a significant decrease in the unemployment rate. Additionally, the minister announced the expansion of fee abolitions for non-salaried professions to alleviate economic burdens on households.

Despite concerns about food inflation, a de-escalation is anticipated based on available data, with a projected decline in the consumer price index for 2025.



Source Link

Exit mobile version