Parliament’s Budget Office: Any income support measures should be temporary, targeted and financed by additional revenues

The Hellenic Parliamentary Budget Office on Thursday unveiled its report for the first quarter of 2022, warning that any income support measures should be temporary, targeted and financed by additional revenues, so as not to further burden Greece’s public debt.

Parliament’s budget office also referred to a need for an unwavering adherence to fiscal stability, as a necessary condition for the country to avoid the worse consequences of international economic instability.

Additionally, the report emphasized that interventions taken to date, such as those implemented during the pandemic, have transferred the cost exclusively to the state, or in other words, to responsible taxpayers, current and future ones.

The report also notes that recent decisions by the government to tax extraordinary profits recently reported by electricity retail providers, as well as to impose a ceiling on the wholesale price of electricity as of July, mark a change in direction, i.e. transferring a portion of the cost of interventions to power producers.