2023-09-03 08:20:29
The Greek economy has been moving to the rhythm of the TIF since Sunday, with Prime Minister Kyriakos Mitsotakis and his staff in the process of finalizing the content of the announcements in Thessaloniki next Saturday, September 9.
According to the relevant information, nothing has yet been “locked” and everything is under consideration. The only thing certain, according to sources from the Maximos Palace and the Ministry of Finance, is that the government will stand by the citizens, who are either being tested by the devastating fires, or are affected by the ongoing accuracy.
They also note that any additional revenues arising due to the positive course of the economy, as at least this has been certified in the first seven months of the year, will return to Greek society.
Thus, based on the available information, the speech of the prime minister, regarding the economy, will move along four main axes.
The main axes
The first has to do with the non-negotiable priority set by the government, which is to recover investment grade. In this context, any decisions taken will move within the framework of fiscal stability and the achievement of objectives in combination with the continuation of reforms. The government does not in any way want to send the wrong message to the markets and investors that will act as a hindrance in the process of obtaining the coveted investment grade.
The second relates to the need to support local communities, but also all those who suffered damage from the devastating summer fires. The compensations will be tried to be given immediately and will concern the plant and animal production that was destroyed, as well as for the houses that suffered damage (partial or total). At the same time, actions will be undertaken to restore the disasters in the forests.
The third pillar of the policy will have to do with possible support measures for vulnerable households, due to the continued precision especially in the food sector. The government has already passed a series of measures, the implementation of which starts immediately and whose aim is to mitigate the effects of continuous inflationary pressures.
Among the measures on the table are:
• Market Pass extension until the end of the year.
• Reinforcement and expansion of the heating allowance.
• Maintaining subsidies on electricity bills for the vulnerable.
• Extension of the reduced VAT for another 6 months on the tourist package, transport, catering (coffee, non-alcoholic drinks) and culture.
• Allowance for retirees who did not receive salary increases.
• Depending on the course of the revenues, there may be a new punctuality check at Christmas, for low pensioners, long-term unemployed, etc.
The fourth pillar of the policy that is expected to be developed by the prime minister, will have to do with the economic policy that will be followed in the coming years. Emphasis will be placed on the policy of reforms and gradual reductions in taxation, depending on the general course of the economy.
Source: RES-MPE
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