Gov’t proposes strict measures to complete program review

6 April 2016
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The economic team of the Greek government is expecting the answer of the institutions on whether the new measures proposed are sufficient or even more strict measures would be required.

The list of measures submitted to the institutions include new tax hikes in almost everything and reduction of tax-free threshold for those who earn more than 700 euros per month. Also, in an effort to avoid further salary cuts or layoffs in public sector, it has proposed not to make any hiring for the next two or three years.

According to information, the measures submitted by the Greek side include, reduction in tax-free threshold, increase in tax rate on farmers’ income at 15% instead of 13%, tax hike in rental income, hikes in special fuel consumption fees, gabling games and mobile phone fees, excise tax hike on cigarettes, reduction in military expenditure by 400 million euros and imposing tax on bank checks.

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