European Commission on Tsipra’s benefits: The cost will be over 1% of GDP

5 June 2019
565 Views

Tsipra’s benefits and the debit arrangements in up to 120 installments have their toll according to the European Commission’s report that was made public on Wednesday morning. The budgetary costs is estimated to be more than 1% of GDP (1.9 billion euros) this year.

It is also stressed that, according to the projections of the European institutions, these measures “jeopardize the achievement of the agreed target of a primary surplus of 3,5% of GDP in 2019 and in the years to come” and it is noted that the extent of the divergence will depend on the course of debt settlements.

With regard to the additional benefits announced by the government for 2020, the institutions note that the government has provided a partial estimate of a fiscal impact of 1.2 billion or 0.6% of GDP but there is no final assessment of the measures because they have not been voted yet.

You may be interested

Confrontation between Dendias & Cavusoglu at the press conference
POLITICS
shares66 views
POLITICS
shares66 views

Confrontation between Dendias & Cavusoglu at the press conference

makis - Apr 15, 2021

Diplomatic etiquette was cast aside in an astonishing joint press conference between Greek Foreign minister Nios Dendias and his Turkish…

Russia suspends flights to Turkey
DEFENCE
shares49 views
DEFENCE
shares49 views

Russia suspends flights to Turkey

Panos - Apr 15, 2021

Russia will restrict flights to and from Turkey from April 15 to June 1 due to a rise in COVID-19…

EU member-states agree to issue Covid-19 travel certificate
GREECE
shares70 views
GREECE
shares70 views

EU member-states agree to issue Covid-19 travel certificate

Panos - Apr 15, 2021

European Union countries today formally agreed to issue Covid travel certificates as a step towards reopening tourism this summer with…

Leave a Comment

Your email address will not be published.