Eurostat: Greek Budget’s Primary Deficit Lower than Expected in 2021

ATHENS – The Greek state budget recorded a primary deficit of 5% of GDP in 2021, down from a budget target for a deficit of 7%, while the country’s public debt also fell as a percentage of GDP, Eurostat said in a report on Thursday.

This positive development offers more room for additional generous interventions by the government as a shield against price increases. In absolute numbers, the resulting additional space amounts to 3.5 billion euros. The finance ministry will send its updated forecasts for fiscal deficit, economic growth and inflation for 2022 to the European Commission on April 30. According to sources, the growth rate is expected to reach 3% this year, down from an initial target for a 4.5% growth rate, and the inflation rate is seen reaching an annual average rate of 5.5% (the budget envisaged an average harmonised rate of 0.8%).

Eurostat said the general government’s deficit fell to 7.4% of GDP in 2021, from 10.2% in 2020, while the primary deficit fell to 5% from 7.2% of GDP, respectively, and the general government’s debt eased to 193.3% of GDP from 206.3% a year earlier. The Greek GDP reached 182.83 billion euros in 2021, from 165.326 billion in 2020 and 183.250 billion in 2019.


ATHENS - A Mixed Jury Criminal Appeals Court on Friday handed down sentences of life and 15 years imprisonment on the two young men found guilty of the murder and gang rape of 21-year-old student Eleni Topaloudi, imposing the same sentence as that imposed by a lower court.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mission, TNH’s New Travel Documentary Series with Clelia Charissis (Trailer)

Every weekend, TNH and Clelia Charissis are on a mission, traveling around Greece and the world to highlight places through the people we meet along the way.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.