The adjustment clause is abolished from the 1st of August, and not from the end of July as it was announced, the Minister of Finance Mr. Christos Staikouras, speaking to mega.
He said that there is another provision regarding the way in which the wholesale energy price is priced, and there is another intervention regarding how the state helps the household or the business, through and through the utilization of the Energy Transition Fund, in order to the citizen can finally have a reduction of the burden of 70-90% from July 1 onwards. We are already seeing reductions in the bills. The interventions for the electricity are 6 billion euros until the end of 2022 “.
“There will be no reduction in excise duty on fuel”
Responding to the possibility of reducing the excise duty on fuel, Mr. Staikouras clarified that “Today there is not a single euro of fiscal space. It was exhausted in the interventions we analyzed, amounting to 8.5 billion euros. “It seems that additional fiscal space can be created in the near future. Where it will go will depend on the dynamics of developments in the next period of time and on the priorities set by the prime minister.”
“There has never been an issue from the government regarding the reduction of the excise tax on fuel. The Greek Prime Minister has taken a position on the issue. Even the State Budget Office in the Parliament says that in fuel the measures are targeted, and we use the extra VAT on fuel and corporate taxation in order to help society.We came and gave a bolder fuel package to meet some of the needs for the next period.We have five platforms at the same time that work, “he added.
“If an extension of the Power Pass is required, we have shown that we have quick reflexes. This is not happening at the moment,” he added.
Regarding the possibility of reducing VAT on basic consumer goods, Mr. Staikouras said that “a week ago we announced the fuel. We skipped the measures and go to the next ones. There are no money trees. 8.5 billion euros is the highest package given among the European countries for support measures. When a budget area is created, it is used ”
Regarding when the bill for the repayable advances will come, Mr. Staikouras said that “What we have said about the repayable advance at the end of July is valid. Out of the 8.3 billion of the repayable, we expect that about 3 billion will be returned. The others were “cut”.
“In our wallet we have much less taxes to pay. Tax cuts are available income to the citizen. In the tax returns submitted so far, 75% will not pay tax and this is a result of the tax policy pursued by the government,” he said. still Mr. Staikouras.
Scenarios for early ballots in the fall
Finally, responding to the scenarios for early elections, the Minister of Finance stated that “We have a four-year plan. There is a positive reading of reality and a negative one. Both apply. We have high growth, reduced unemployment, high consumption, disposable income generated by “On the other hand, we have very high inflation that erodes the disposable income of the citizen. We are trying to achieve a balance.”
Source: Capital
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