Thursday, September 8, 2022
Greece is all prepared to strike higher than anticipated revenues from the tourism sector in 2022, the principal cash-earner for the country, to keep dropping power bills, on Monday, the spokesman from the government said.
Giannis Oikonomou, Government spokesman, said that in 2022, tourism receipts are seen beating the record performance in 2019 of the sector, topping 18.2 billion euros.
Those revenues have assisted the finance subsidies of Greece that it had provided to the businesses and households from 2021 to ease the load from rising energy costs after Russia restrained gas supplies to Europe.
Of Greek households, an important part is the use electricity instead of oil to warm up their houses during the winters with rising price of the power in recent months, making it hard for everyone to manage.
Oikonomou said that there has been supplementary fiscal space; credit goes to the excellent budget implementation and powerful growth, regardless of the crisis in energy. Of course, the remarkable tourism performance has helped considerably.
On Monday, Christos Staikouras, Greek Finance Minister, said that in 2022, to protect consumers from rising prices in gas and electricity, Athens will spend over 10 billion euros additionally versus an initial target of 8.5 billion euros.
However, he warned against the danger of additional spending disheartening the fiscal targets of the country, including a primary budget deficit of 2% of GDP this year.
Tags: greece, Greece tourism, Tourism, Travel
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