Hellenic Fiscal Council

The Hellenic Fiscal Council is predicting a slightly higher growth rate than the Stability Program, 2.6% against 2.3% for 2023, while for 2024 it is more pessimistic, expecting GDP to increase by 2.8% against the government forecast for 3%.

The Finance Ministry's 2020 draft budget, which will be tabled in Parliament on Monday, foresees the Greek economy growing by 2 percent this year and 2.8 percent in 2020, the Hellenic Fiscal Council has said in a report endorsing the Finance Ministry's projections.

The midterm fiscal plan for the next four years provides for primary surpluses far above the target of 3.5 percent of gross domestic product, reaching up to 5.19 percent in 2022. This opens the door for government handouts ahead of the next general election.

The midterm fiscal plan for the next four years provides for primary surpluses far above the target of 3.5 percent of gross domestic product, reaching up to 5.19 percent in 2022. This opens the door for government handouts ahead of the next general election.

The Hellenic Fiscal Council and the Hellenic Federation of Enterprises (SEV) warned the government on Wednesday about the threat of stagnation in the economy without the implementation of reforms, along with the threat of fiscal problems in the future from state-guaranteed loans.

A day after the European Commission downwardly revised its Greek growth forecast to 2.1 percent for this year, the Finance Ministry took its own projection even lower, to just 1.8 percent.