By: P.T., STA
The government endorsed a draft budgetary plan for 2022 setting out the country’s fiscal policy for next year.
This is a document all EU members have to send to the European Commission as part of coordination of fiscal policies by mid-October. The plan projects for the general government deficit to fall from 7.5% of GDP this year to 5.4% in 2022 and further to 3.3% in 2023, while it should drop below 3% in 2024. Debt is to be reduced to 77.5% of GDP in 2022 and to 76% in 2023.