Tomorrow, Wednesday, the Minister of Finance Makis Keraynos will submit the Strategic Framework for Fiscal Coverage to the Council of Ministers, thus marking the beginning of the method for drawing up the state funds for 2025.
As KYPE is knowledgeable, the distinction of this yr's SPDP is that it’ll establish and current the primary strategic instructions and financial coverage priorities of the Authorities for the following 4 years and never three, primarily based on the reforms which have been established within the EU's fiscal guidelines.
It’s famous that within the second chapter of the SPDP, which issues the “Fiscal Technique Assertion”, the latest macroeconomic and monetary developments are offered, in addition to the medium-term forecasts and the medium-term fiscal framework, and on this foundation the higher spending limits for every Ministry, Deputy Ministry and unbiased service.
Within the meantime, primarily based on the most recent forecasts of the Ministry of Finance, as included within the Stability Program submitted to the European Fee, the expansion charge for this yr is estimated at 2.9% and can speed up to three.1% in 2025. In 2026 and 2027 the expansion charge is predicted to rise to three.2% and three.3% of GDP respectively.
Supply: KYPE
