Greek Finance Minister Christos Staikouras and Alternate Minister Theodoros Skylakakis on Monday tabled to Parliament the draft plan for the 2021 state budget which envisages an economic growth rate of 7.5 pct for the next year, along with a series of measures to lower the tax and social insurance burden for enterprises with the aim to boost recovery and create new job positions, ANA reports.
More specifically, the draft budget plan envisages an 8.2 pct economic contraction this year and a 7.5 pct growth rate in 2021 to 185.215 billion euros from 170.721 billion in 2020. The primary deficit will reach 6.3 pct of GDP this year and 1.0 pct of GDP in 2021. The unemployment rate is projected to reach 18.6 pct in 2020, falling to 16.5 pct in 2021. Budget revenue is projected at 53.705 billion euros in 2021 from 50.147 billion this year, with tax revenue rising to 49.546 billion euros from 44.594 billion, respectively. Budget spending is projected at 63.884 billion euros in 2021 from 68.528 billion this year.
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