Finance ministry submits 2019 budget to European Commission

Greece’s finance ministry has submitted the 2019 budget to the European Commission with two alternative scenarios on pensions, while its main priority is to avoid pension cuts.

Based on the scenario that includes pension cuts, the 2019 primary surplus is estimated at 4.2 percent of GDP while according to the other scenario, the primary surplus is estimated at 3.6 percent of GDP.

The draft budget includes the government’s intention to implement the 2019 positive measures totaling 1.1 billion euros. Apart from avoiding the pension cuts, the measures include the gradual reduction of Uniform Real Estate Property Tax (ENFIA), the reduction of social security contributions for freelancers and farmers, lower taxes for businesses and the hiring of professors.

Source ANA-MPA
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