The government is trying to spread a safety net that will cover most households in an effort to mitigate the effects of increased prices in energy, but also in some of the essential goods.
The Greek Prime Minister, Mr. Kyriakos Mitsotakis, in his statements, referred to the State’s intentions by stating that those who will see excessively increased bills, they will be given the opportunity to pay them in installments, obviously referring to the electricity and gas bills.
Mr. Kyriakos Mitsotakis noted that “the measures proposed by the Commission are in line with the already legislated initiatives of the Greek government” and stressed the government’s emphasis on supporting households, especially those vulnerable to electricity prices and the heating costs, next winter.
“I really believe that the Commission’s observations are particularly important and we will adopt them: The possibility for our fellow citizens, who may see a sharp increase in heating costs, to repay their obligations within a reasonable time, through a system of regulations, so that the financial burden during the winter is not too great”, the prime minister stressed, among other things.
At the same time, Mr. Kyriakos Mitsotakis noted that proposals should be considered “such as the possibility of buying natural gas, as European Union, that is, to acheive in the sector of natural gas what achieved extremely successfully in vaccines.”
The new interventions of the Greek government
The Ministry of Finance is considering and examining various and alternative scenarios, which will be implemented, depending on the course of international energy prices, but also the fiscal space that will be formed as a result of the growth rate that will be achieved.
There are two ways to stimulate income. The first through tax relief and the second through aid (social dividend). Final decisions have not yet been taken and this will be done either through the final text of the 2022 budget, which will be tabled on 21 November, or even later in December, in order to have a better picture of budget implementation.
However, no matter what measures will be taken, it is very difficult to have a permanent character, something that extremely limits any interventions. So, it will either have the character of an allowance, or a lump sum payment (social dividend to specific social groups).
The first samples, however, are particularly encouraging. Tax revenues, both monthly (September 2021) and 9-month (January-September), are significantly above the target, as described in the medium-term, with two main sources, tourism and the course of business profits.
It is therefore highly likely that, by the time the budget is finally tabled in November, there will be a revision of the 6.1% growth target in 2021.
Ο «έτσι γουστάρω» βουλευτής, τα αναδρομικά, η επιστρεπτέα, οι ιδιωτικοποιήσεις που έρχονται και το… ρεβανί Βέροιας
How the war in Ukraine affects Greek tourism
What does research show that was presented by the Central Union of Chambers of Greece (KEEE) in collaboration with Palmos Analysis
Εconomist: Top ship owners Marinakis, Frangou join Mike Pompeo in a panel discussion
Watch 26th Annual Economist Gov't Roundtable live
Greek PM addresses EU Parliament: The Greece of 2022 has nothing to do with the Greece of 2015
In his address to the EU Parliament, the Prime Minister's once again highlighted that Greece will be ready to regain investment status by 2023
Economist Intelligence Unit: Greek economy growth in 2022 at 4%
This despite the fact that the Economist Intelligence Unit (EIU), revised its respective estimates for the global and European economy downwards, in the shadow of the war in Ukraine and galloping inflation in food and energy prices
Energy Min.: Electricity subsidy of 0.20 euros/kWh in July for all residences
The cost of the subsidy package stands at 722 million euros
Handelsblatt: European airports in chaos – Not so in Greece
What Greek airports are doing this year in contrast to European hubs
Why a trip to Patmos and Lipsi is the best of Greek island living, Conde Nast asks
A treat for both body and soul, notes the article
Kallimanis: Passes under the control of Turkish Dardanel by court decision
The decision of the Multi-Member Court of First Instance of Aigion validates the reorganization agreement
Offshore wind farms: Avid investment interest but nebulous institutional framework
The bill being prepared for investments in the Greek seas might evolve into chaos - The relevant provisions will be put to consultation soon
Battling flames in Itea and Kranidi – Aircraft join the fray
Yesterday an evacuation order was given for the northern part of Itea and the village of Sernikaki