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Chr. Staikouras: All open for reduction of VAT on food

“Everything is open for a reduction of VAT on food, depending on how the situation will develop in the near future, we have a complete picture of the costs,” Christos Staikouras told SKAI.

“As far as possible we have supported the people, and we will continue to do so, and for as long as necessary we will do it. But as long as we can,” said the Minister of Finance.

In fact, we are already talking about an additional intervention of 350 million euros, he stressed for ENFIA, reminding that 5 million households will see reductions, and a large part will pay the same ENFIA as last year.

First, explained Mr. Staikouras, the government is focusing on budgetary margins, secondly the goal is for any intervention to go to the citizen and not be lost in the supply chain, and thirdly to help mainly the middle and low income groups.

“There are no money trees”, clarified Christos Staikouras. “The government has chosen to boost the citizen’s income on a permanent basis. At the same time, we are making the interventions announced by Mr. Skrekas, at the same time we are reducing taxes on a permanent basis, except for two interventions.”

Cash, he explained, we are satisfied, “but I give it” depends on the fiscal space. We have 10 billion more expenditures than revenues in 2021, we are borrowing, and the cost of borrowing has increased very pan-European, it is a European challenge not only Greek.

Source: Capital

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