x

Economy

Staikouras Leaves Open Possibility of Further Favourable Interventions

September 15, 2021

ATHENS — Finance Minister Christos Staikouras in an interview with 'Macedonia' newspaper left open the possibility of additional favourable interventions for the citizens if the growth rate exceeds 5.9 percent this year, while underlining the government's readiness for new interventions to deal with the imported inflation if it continues in 2022.

More specifically, when asked if citizens should expect further tax relief in case the growth rate for 2021 exceeds the revised 5.9 percent (compared to the initial forecast of 3.6 percent), Staikouras replied: "It is obvious that the higher the economic growth rate is, the better fiscal margins are created so that we can make additional interventions (…) I hope that the economic growth rate is even higher (from 5.9 percent), so that we have the fiscal margin to help Greek society even more."

The minister also stressed that the government's will and intention for 2022 is to reduce the Uniform Real Estate Ownership Tax (ENFIA) for a majority of the population.

RELATED

The continuation of the pandemic continues to raise hurdles in forecasting the short-term trend of the country's Gross Domestic Product, but based on available data the Greek GDP is expected to rise by 5,2% in the first half of 2022 (7% in the first quarter and 3.

Top Stories

Culture

If you are reading this today, you can thank your parents, grandparents, great-grandparents, and previous ancestors for your existence.

Politics

A former senator, minister, cabinet secretary, chief of staff to Australian former PM John Howard for more than a decade, Arthur Synodinos is Australia’s ambassador to the United States since 2020.

General News

Anton "Tony" Mandros, 87, of Portsmouth, RI, passed to his eternal reward on January 19.

Video

In Mourning Yet Again, NYC Prepares to Honor Fallen Officer

NEW YORK — A city reeling from a recent spate of violence prepared to lay to rest a rookie police officer being hailed as an inspiration to his immigrant community, as investigators sought to make sense of a domestic dispute that left another officer "fighting for his life.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.