New macroeconomic scenario with a forecast for more development from his 3.1% Stability programin the region of 4% or even slightly higher is recycled financial staff government, subject to submission of the supplementary budget, as well as TIF announcements.

Already Head of the Prime Minister’s Financial Office Alexis Patelis he said yesterday speaking with Bloomberg that growth is likely to exceed the government’s existing forecasts in the face of stronger-than-expected tourism numbers. Yesterday’s current account data from the Bank of Greece showed that receipts in June exceeded 2019 levels, with arrivals at 89%, indicating strong tourism performance.

In addition, the government expects its data to be released to the public. ELSTAT GDP for the second quarter on September 7, which is expected to be encouraging. In any case, the Commission in its summer forecasts estimated the growth rate at 4%. The same forecast was made by the National Bank. Government sources estimate that GDP growth is typically 4% or more, providing enough fiscal space for the prime minister’s statements. They note, however, that given the greater uncertainty of the winter, the government must hold on to “ammunition” to meet urgent energy needs, and it is important to pursue responsible fiscal policy so as not to lose the goal of attracting investments. grade. In any case, a growth rate of around 4% is estimated to provide some €2 billion in fiscal space.

It is noted that in addition to growth, the inflation forecast will also be revised upwards. The Commission estimates in its summer projections that this will be 8.9% compared to the government’s forecast of 5.6% in the Stability Program.

Growth rates of around 4% are estimated to provide around €2 billion in fiscal space.

“We are always a bit conservative in our forecasts, but we believe that eventually growth will exceed our official forecast,” Mr. Patelis said, adding that tourist flow in some areas exceeds 2019 levels and tax revenues are better than expected.

He added that the government will stick to a primary deficit target of around 2% and that Greece maintains its target of reaching investment grade in 2022.

“It is very important to maintain confidence in us,” he said. “Any fiscal support measures must be balanced, targeted and proportionate,” he added, referring to the prime minister’s forthcoming TIF statements.

Mr. Patelis also spoke of political stability, arguing that it is one of the country’s strongest weapons. He added that the ruling party has fought populism and formed a one-party majority government, which he believes will be repeated after next year’s elections.