Draft budget discounts likelihood of oil crisis

The budget - like the Medium-Term Fiscal-Structural Plan presented on Monday - has been drawn up assuming an oil price of $80 per barrel and inflation of 2.2%. With Iran's attack on Israel, there was an increase and prices reached around $75 a barrel for Brent on Thursday.

Τhe government will submit the first draft of the 2025 state budget to Parliament on Monday, in the shadow of the war in the Middle East, toeing a conservative line, but without incorporating a very negative scenario of soaring energy prices.

The government, according to a senior source, believes that at the moment such a scenario, which would bring about serious macroeconomic problems, does not have a high chance of being implemented. After all, this is also what the markets show.

Following the directives of the European Commission, as did the other member-states, the budget - like the Medium-Term Fiscal-Structural Plan presented on Monday - has been drawn up assuming an oil price of $80 per barrel and inflation of 2.2%. With Iran's attack on Israel, there was an increase and prices reached around $75 a barrel for Brent on Thursday.

It is unknown how long the...

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