Sweeping indirect taxes to achieve primary surplus
Greece will have to raise indirect taxes to the tune of 3.5 billion euros annually from the current fiscal year in order to achieve the 3.5% primary surplus target until 2022.
According to Greek financial newspaper “Naftemporiki”, the specific country’s public finances will have to be propped through measures activated at the start of the year, as well as an increase in private consumption, which is related to indirect taxes.
This means that while the Greek state collected 27.108 billion euros in indirect taxes in 2015, 29.311 billion in 2016, from 2017 onwards it will have to take in over 30 billion euros for each year.
You may be interested
The Cape of Lefkata – Where lovers leapt to their death from Homeric timesPanos - Oct 01, 2020
Greece has a long and rich maritime tradition, with lighthouses scattered across its lands accompanied by years of stories and narratives.…
A powerful 5.2 earthquake has struck west-northwest of the island of NisyrosPanos - Oct 01, 2020
A powerful 5.2 on the Richter scale earthquake hit 25 kilometres west-northwest of the island of Nisyros in the southern…
2021 to Set off Avalanche of Business Insolvencies due to Covid-19 (infographic)Panos - Oct 01, 2020
According to a report by insurer Euler Hermes, the effects of the COVID-19 pandemic will be felt most severely in 2021 when…