First post-memorandum budget to be tabled in Parliament
- Written by E.Tsiliopoulos
The first post-memorandum budget which provides for a higher than estimated primary surplus in 2019 and does not include pensions cuts will be tabled in Parliament on Wednesday.
Specifically, 2019 budget provides for 3.6 pct primary surplus compared to a 3.5 percent target as well as growth of 2.5 percent compared to 2.0 percent this year.
It is estimated that primary surplus will exceed the 3.5 percent target in 2018 as a result of the positive fiscal performance. According to sources, the government is expected to distribute a social dividend based on income criteria.
The new budget will not include pension cuts, but a package of positive offset measures announced by the prime minister.
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