Greek FinMin: An additional budget of 2 billion euros will be tabled next week

An additional budget of 2 billion euros will be tabled next week, the Greek Finance Minister, Mr Christos Staikouras said.

Speaking to Parapolitika 90.1 radio, the the Greek Finance Minister left open the possibility of extending the reduction of VAT to tourism and catering and stated that the goal in 2023 to abolish the solidarity contribution for all and the reduction of insurance contributions. He clarified that the Greek government will continue to support households and businesses as much as possible.

Concerning the cash

At the same time, Mr Staikouras noted that the cash is at a safe level and added that the government is concerned that it will take the best measures to strengthen the middle class and the vulnerable groups.

He also said that the reduction of the property tax ENFIA by 360 million euros is an additional aid. AS for the reduction of  VAT on food, he stressed that it will depend on the fiscal space and that any interventions will pass on consumers and will not be lost in the supply chain.

As for the minimum wage

The Finance Minister reiterated that the increase of the minimum wage should be brave and realistic. He noted that, when there is an external economic shock there is a risk of adverse developments that will affect the real economy.

As for the fiscal targets in 2023, he noted that “In May we will see how the macroeconomic situation in Europe is evolving”. Mr. Staikouras added that we need to be serious in pursuing fiscal policy in order to have primary surpluses.

Recovery Fund

He further noted that the Greek government has acted in a timely manner and said that high growth is not enough, as it should be sustainable.

“We are looking for stability, as quick decisions are made by strong autonomous governments,” said the Greek Finance Minister, Mr Christos Staikouras.