2021-02-23

Economic and budget costs increase

By yqqlm yqqlm

China News Service, February 23. According to the Greek “China-Greece Times” report, as the cost of the economy and budget continues to increase, the Greek Ministry of Finance has released a message of concern for the long-term blockade of the retail industry. Recently, a senior official from the Ministry of Finance said: “Every month when retail companies close, 0.7% of the gross domestic product (GDP) will be added to the basic budget surplus.”

According to reports The official further explained that the budget execution figures for January showed that the deficit exceeded 500 million euros. If the vacation expenses to be compensated were included, the overspending would soar to about 1 billion euros, accounting for 0.7% of GDP. The same is true in February. To make matters worse, many industries in Greece, such as tourism, may also experience similar shocks.

Economic and budget costs increase

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p >At present, the attention of the Greek Ministry of Finance officials is focused on March and April. The initial plan was to open and close the market every two weeks in March, and then gradually reopen the catering services from April. At this stage, the specific operation time is still uncertain.

Some officials pointed out that the closure of retail companies will directly affect the 2022 budget. It is indeed very difficult to formulate future economic trends based on current conditions. The Greek Ministry of Finance is now in an awkward situation in drafting a new mid-term fiscal plan for 2022 to 2025, and almost no one can accurately predict what will happen next month.

It is also reported that the National Audit Office of Greece is considering limiting itself to the baseline scenario without including other additional measures. (Zhang Wei)

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