Greece hopes higher investment and tax cuts will help power economic growth next year as the country recovers from a decade-long debt crisis, Reuters reports.
Growth will pick up to at least 2.8 percent next year from 2 percent in 2019, based on a draft budget submitted to Parliament by the conservative government on Monday.
Unemployment is forecast to drop to 15.6 percent next year from 17.4 percent in 2019, while Athens projects public debt will fall to 167.8 percent of GDP, or 331 billion euros, in 2020 from an expected 173.3 percent of GDP this year.
As well as broadening the tax base, the conservative government wants to cut taxes for businesses and raise social spending next year. The policies it plans are worth 1.2 billion euros, the budget said, and will help spur growth.
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