Ag. Min. considering the reduction of VAT on basic items, such as bread

The possibility of reducing VAT on basic foodstuffs, such as bread, was left open once again by the Minister of Rural Development, George Georgantas.

“The government monitors developments daily and intervenes, the issue of VAT is that it creates a big gap in the budget, without the effectiveness of the measure being certain. However, it is a measure that is being examined “, he stated characteristically, speaking to ANT1 television.

He noted that, with the reduction of VAT, “the difference was seen a few times” and cited as an example the 6% reduction in fertilizers and animal feed.

In fact, he expressed the belief that “with the very serious intervention in electricity, we will see that we will have a change in the price of products”.

Regarding the imports of agricultural products and food, Mr. Georgantas said that “there are products that we import, but for the first time since 1984 we have a positive balance. We export far more products.”