Preliminary 2024 state budget foresees 2.1% primary surplus for 2024

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The draft state budget for 2024 will be tabled in the Greek Parliament on Monday, with a forecast for a 2.1% primary surplus on GDP for 2024 and a possible primary surplus of 0.7% for 2023, despite the country's natural catastrophes.

The budget reflects the Greek economy's return to normalcy after four difficult years marked by the coronavirus pandemic, the Ukraine war, and high prices.

Prime Minister Kyriakos Mitsotakis and National Economy & Finance Minister Kostis Hatzidakis asserted that Greece is fully keeping its commitments, and its fiscal performance will be within the framework of the Stability Program.

The draft contains liquidity infusions to nearly 3 million households totalling 2.5 billion euros, including the first raise in civil servant salaries after 14 years, raises in pensions for the second consecutive year, and the payout of emergency and permanent supplements.

In addition, the government is keeping an eye on the next two ratings by credit agencies S&P Ratings (October 20) and Fitch Ratings (December 2), hoping that at least one of the two will provide Greece with the much-sought-after investment grade.

READ MORE: Severe Infrastructure Problems Persist in Thessaly, Volos, and Northern Evia After Storms Daniel and Elias.

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