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GreeceBusinessFinal countdown for finalising economic package to be unveiled at TIF

Final countdown for finalising economic package to be unveiled at TIF

Hellenic News of America
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The government is close to finalising the package of economic measures that will be unveiled by the prime minister at the Thessaloniki International Fair (TIF) on September 10, while much will be decided in the first week of September when three crucial figures regarding the growth of the Greek economy will be released.

Much will depend on whether the strong performance of tourism and public revenues continues and whether growth rates continue to exceed forecasts, as this will increase the fiscal space available for the measures that can be announced. Another significant factor will be whether the need to subsidise energy rates continues to increase.

The government’s economic team is optimistic that there will be sufficient fiscal space for significant announcements, while the proposals under consideration include both permanent measures and one-off support measures for households and businesses, especially vulnerable groups, in the face of high prices and inflationary pressures.

Possible permanent measures may include the abolition of certain taxes and levies on income, an increase in the minimum wage and pension increases.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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