On Monday, Greek Finance Minister Euclid Tsakalotos will be presenting to the Parliament the preliminary draft budget for 2018, which provides for 2.4% growth rate and a primary surplus of 3.5% of GDP. The budgetary goals are harmonized with those of the Medium-Term Fiscal Strategy Program.

The preliminary draft will reflect the target exceeded for the 2017 primary surplus, which is expected to reach 2.2% of GDP compared to 1.75% that is the target of the economic policy program. As to the growth rate, economic officials estimate that this year it will reach 1.8%, which is the goal of the economic policy program. In 2018 the GDP growth rate is expected to reach 2.4%. The preliminary draft also estimates a decrease of unemployment, which will reach 19% in 2018, given that employment is estimated to increase by 1.7%.

 

Translation: Eleni Gogou