The Greek 2020 draft budget, tabled in Parliament by Finance Minister Christos Staikouras on Monday, envisages economic growth of 2.8 pct and a primary surplus of 3.56 pct of GDP, according to ANA.
The new budget also foresees a reduction in the unemployment rate to 15.6 pct of the workforce in 2020 from 17.4 pct in 2019, an increase in private consumption by 1.8 pct and IN investments by 13.4 pct, factors that are expected to support higher growth rates. The Greek GDP is projected to reach 197.315 billion euros, while the general government debt is expected to fall by 5.5 percentage points of GDP to 167.8 pct, or 331 billion euros.
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