The Greek government on Thursday tabled the 2020 draft budget in Parliament which envisages a GDP growth rate of 2.8 pct and a primary surplus of 3.6 pct in 2020, surpassing a target for a 3.5 pct primary surplus and putting the Greek economy on track for stronger growth, ANA reports.
It also envisages a further drop in unemployment to 15.6 pct of the workforce next year, from 17.4 pct in 2019. It sees a 2.0 pct growth rate in the current year and a primary surplus of 3.7 pct of GDP, offering the government a fiscal space of 436 million euros.
Income tax revenues are estimated to rise to 11.415 billion euros in 2020 from 11.092 billion in 2019, while corporate tax income is projected to fall to 4.017 billion from 4.463 billion euros.
Tax on goods and services are estimated to bring 28.557 billion euros in proceeds in 2020, up 2.3 pct from 2019, with VAT revenue up 475 million euros to 18.276 billion and consumption taxes rising 89 million to 7.214 billion euros.
Budget spending is estimated at 57.163 billion euros, up 772 million from 2019 estimates.
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