Sweeping indirect taxes to achieve primary surplus

19 June 2017
129 Views

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

Syros: Greek tradition & western influence come to a harmonious marriage
GREECE
shares127 views
GREECE
shares127 views

Syros: Greek tradition & western influence come to a harmonious marriage

Panos - Oct 20, 2017

Ermoúpoli (meaning “the city of Hermes”) is the island’s capital town and has been the first important trade and industrial…

Environment may have partially led to the fall of Queen Cleopatra, research suggests
WORLD
shares119 views
WORLD
shares119 views

Environment may have partially led to the fall of Queen Cleopatra, research suggests

Panos - Oct 20, 2017

Environmental records and historic documents suggest a volcanic eruption could have aided the Romans in victory According to a report…

Greek astronomer in Germany discovers spindle-like galaxies
GREECE
shares106 views
GREECE
shares106 views

Greek astronomer in Germany discovers spindle-like galaxies

Panos - Oct 20, 2017

Athanasia Tatsi is another Greek scientist at the forefront of global scientific research this time in the field of Astronomy.…

Leave a Comment

Your email address will not be published.