4.2% growth for Greece in 2021, says Finance Minister

Christos Staikouras growth

The Greek economy will experience a 4.2% growth this year, recovering half of its 2020 losses, Finance Minister Christos Staikouras said on Tuesday.

In comments made to Parapolitika FM radio, Staikouras said that the government's economic team operates not only with a base scenario in mind, but also the adverse scenario.

In this framework, the strategy was to support growth in society as much as possible, he said, adding that "there are actions that are adjusted, depending on the healthcare crisis' dynamic".

The finance minister said that submission of this year's income declarations will begin shortly "if not this week, maybe next week."

The ministry will announce the timetable for submission and completion of this process, along with the number of payment tranches, discounts and tax exemptions.

Staikouras said that decisions on whether to preserve a reduced advance tax payment in 2021 will be taken by the summer, depending on fiscal conditions.

Meeting of Christos Staikouras with Archbishop Ieronymos - Orthodox Times
Christos Staikouras.

"We want to preserve this, but it is too soon," he noted.

He said that disbursement of state loans, under round 7 of the repayable advance programme, will be made by the end of April and that the applications submitted so far exceeded 200,000.

Staikouras acknowledged there were difficulties in the road towards disbursement of the advance payment of 4.0 billion euros from the Recovery Fund and said he expected this money to be available by the end of the first half of 2021 which will spur more growth.

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