Mandatory property insurance on the table

by time news

2023-09-15 08:30:10

One billion euros is estimated by the government’s financial staff to be allocated to Thessaly in 2023, according to a statement by the press representative of the Ministry of Finance, Omir Tsapalos, to ERT. The 600 million euros come from the supplementary budget and about 400 million euros from European resources.

The supplementary budget is ready and will be submitted to Parliament in the next few days. Its expenses will be covered entirely by the outperformance of revenues, according to Finance Ministry sources.

Of the 600 million euros, 450 million euros will be allocated for the first aid, for the coverage of buildings, for housing infrastructure and for subsidizing businesses and livestock units, for which the platform has already been opened. The remaining 150 million euros will be given for compensation to farmers.

From the 400 million euros that the government estimates it will receive this year from European funds, the first needs in infrastructure, railway and road network will be financed, since the resources will largely come (250 million euros) from the NSRF.

“The money we will need will exhaust the European resources, so it exceeds the 2 billion euros that the EU will give,” said Mr. Tsapalos. In fact, with the 2.25 billion euros of the E.U. and the 600 million euros of the supplementary budget, the resources that have been launched to repair the damages already reach 2.85 billion euros.

For 2024, in addition to the rest of the European funds that will flow in, the government is betting, among other things, on the establishment of a fee to strengthen the reserve for dealing with natural disasters.

As the head of the Prime Minister’s Economic Office, Alexis Patelis, said yesterday, the fee will be fairly distributed. However, information from the Ministry of National Economy and Finance indicates that this fee will not be of decisive importance in meeting the needs against natural disasters. “It will be a light measure”, said a typical source, with the revenue it will bring estimated between 100 and 150 million euros.

Among the measures being considered, as Mr. Patelis revealed to SKAI, is the introduction of compulsory insurance. “It’s not easy, it’s not the solution to the problem, infrastructure costs money, but it also has a dimension of justice and the obligation can lead to lower insurance costs.”

What they are insisting on in the government is compliance with the limits set in the Stability Program for the primary surplus: 0.7% of GDP this year and 2% of GDP in 2024. (2.1% of GDP is foreseen in the Stability Program). “The goals of 2023 and 2024 will not be revised… We must guard credibility,” said Mr. Patelis.

There is currently no tally of the final cost of the disaster, which makes it difficult to formulate financial planning and draw up the draft budget for 2024, which must be tabled on October 2.

As announced by the Deputy Minister of Climate Crisis and Civil Protection Chr. Triandopoulos, yesterday 6,764 final applications and 3,513 temporary applications were submitted to the first aid platform, which will however remain open for several more weeks. In the case of “Ianos” a total of approximately 30,000 applications had been submitted.

Source kathimerini.gr

Irini Chrysoloras

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