In a statement on the increase of disposable income, as well as the improvement of the fiscal result and the public debt index in 2021, the Minister of Finance Christos Staikouras proceeded, emphasizing that these positive developments significantly strengthen the country’s credibility and confidence.
The statements of the Minister of Finance in detail:
“ELSTAT announced today the provisional data for the quarterly non-financial accounts of institutional sectors for the 4th quarter of 2021 and the financial data for the period 2018-2021.
These data prove the correctness and effectiveness of the economic policy pursued by the government throughout the period of prolonged and severe crises, having substantially supported the disposable income of the citizen, without overburdening public finances.
On the contrary, as reflected in the ELSTAT data, a significant improvement in the public debt ratio is recorded.
Specifically, the gross disposable income of households for 2021 despite the expected losses due to the energy crisis in the 4th quarter showed a significant increase of 3.7 billion euros compared to 2019.
In fact, the total disposable income in 2021 is the highest, annually, since 2013. At the same time, citizens’ deposits have increased by 37 billion euros at the end of 2021.
In addition, according to ELSTAT data, the primary deficit of 2021 amounted to 5% of GDP, lower than the forecast of 7% of the State Budget 2022, while the General Government debt as a percentage of GDP fell significantly from 206.3% in 2020 to 193.3% in 2021.
All of the above is a result and at the same time proof that the Greek economy has recovered dynamically, the citizens have been substantially helped and the management of public finances has been done in a prudent and efficient way.
“These positive developments significantly enhance the country’s credibility and confidence, and at the same time allow us to continue, in a sensible way, to support households and businesses affected by rising energy prices.”
Source: Capital
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