Athens, Dec 19 : The Greek Parliament has approved the 2022 state budget, which foresees strong economic growth for next year after 2021’s overperformance.
A year ago, the government had forecast 4.5 per cent growth for 2021, reports Xinhua news agency.
Greece has registered a 9.3 per cent growth in the first nine months of 2021, one of the highest across the eurozone, Prime Minister Kyriakos Mitsotakis noted, addressing the parliament shortly before the budget was approved by 158 lawmakers in the 300-member strong plenary.
“This is the result of a policy which turned difficulties into opportunities and exceeded expectations.Our country moves forward with a dual growth, growth and social welfare,” he said, according to Greek public broadcaster ERT.
Despite the challenges, Greece has recovered all losses suffered due to the pandemic by focusing on innovation and extroversion, the Greek leader said, explaining the reasons of the positive outcome.
So far, a minimum 4.5 per cent growth rate is expected for 2022.The unemployment rate is forecast to fall to 14.2 per cent next year from 15.9 per cent this year, while inflation rate is projected at 0.8 per cent in 2022.In order to help businesses and households cope with the increased energy costs, Mitsotakis also announced more relief measures during the debate, which include an increase in state subsidies for electricity bills and natural gas bills and additional aid for the agricultural sector.ksk/
The Greek Parliament approved the 2022 budget for state government
For 2022, an expected growth rate of at least 4.5 percent has been achieved so far.According to forecasts, the unemployment rate will fall to 14% next year from 15.9% this year.The inflation rate for 2022 is expected to be 0.8 percent.
Mitsotakis announced additional relief measures to assist households and businesses with rising energy prices.
These included an increase in subsidies for natural gas and electricity bills, and increased aid for agriculture.
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