greek-finmin-rebukes-proponents-of-consumption-tax-cuts
Economy

Greek FinMin rebukes proponents of consumption tax cuts

“Greece will have a primary deficit this year, as spending will exceed revenue once more,” Finance Minister Christos Staikouras said on Thursday, “so voices calling for more support measures, such as cutting a special consumption tax on fuel, means that they support a higher fiscal deficit, higher interest rates and costs, measures that will lead to more burdens for households and enterprises in the medium-term.”

Speaking in Parliament, the Greek FinMin noted that the government has proven that it intervenes timely and generously to support vulnerable social groups. “We proved it in the pandemic and in the energy crisis. Whenever there is fiscal space the state returns this to the society and particularly to medium and low incomes,” he said, adding that during the energy crisis Greece offered twice the amount of money compared with the European average to support households and enterprises.

Staikouras said Greece was expecting a decision by the Eurogroup and the European Commission in two weeks’ time to withdraw the enhanced surveillance status for Greece, helping the country to return to European normality.

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