The increase in household disposable income in the third quarter of last year, announced by the ELSTAT, covers most of the losses that the significant rise in inflation has caused to the family budgets, especially of the weakest citizens. This was commented by the Minister of Finance, Christos Staikourasadding that “at the level of 9 months the increase in disposable income is 10 billion euros compared to 2019».
Specifically, the minister stated the following:
“ELSTAT announced today the provisional data on the gross disposable income of households. According to them, household income increased by 10.2% in the third quarter of 2022 compared to the corresponding quarter last year.
An increase that covers most of the losses caused to the family budgets – mainly of the weakest citizens – by the significant rise in inflation internationally. Inflation, which in our country has already begun to decline, with Greece to record the 5th lowest inflation in December in the eurozone.
Additionally, at the 9-month level, the increase in disposable income is 10 billion euros compared to 2019. This development is a result of the implemented economic policy, with the main axes being the reductions of taxes and insurance contributions, the increases of the minimum wage, the strengthening of employment and the implementation of brave measures to support households and businesses. Support, which is also reflected in the increase of 47 billion euros that citizens’ deposits have shown from 2019 until today.
We are moving forward with the implementation of our coherent and dynamic plan, with the aim of overcoming temporary turbulence and multi-layered crises while continuing on a path of high and sustainable growth, the creation of many and well-paid new jobs and further strengthening of social cohesion».
SYRIZA: Involved with Pappa’s SMS to Kalogritsa and the “files”
Weather: New emergency bulletin from EMY – When is Attica affected
Market Pass: What is the process and income criteria