The Deputy Minister of National Economy and Finance, George Kotsiras, focused on the ongoing and emergency measures being implemented to support society and the market during his appearance today, Saturday, May 30, on the program “10 with Tono” on the ERTNEWS television station.
The Deputy Minister of National Economy and Finance emphasized that “our country, having ensured fiscal stability and progress over the years—which stemmed from the efforts of Greek society and the approach implemented by the Greek government—is capable of and does support society even under critical conditions.”
During this period, as he noted, approximately 800 million euros in additional funds have been allocated from the budget for support measures.
“We have invested to support Greek citizens, to the extent that our budget allows, so that they can meet the increased needs resulting from the current emergency crisis. We will continue to do so,” he stated emphatically.
At the same time, he added that the data is being monitored with great care and responsibility so that the government can intervene where necessary, as it has done throughout this period.
Addressing private debt
George Kotsiras then provided a detailed overview of the new measures to address private debt, which are expected to be voted on in June.
These include the option to settle old debts in up to 72 installments and the possibility of lifting the seizure of a bank account for debts to the government upon repayment of 25% of the debt.
There are also plans to lower the threshold for eligibility for the out-of-court settlement mechanism from €10,000 to €5,000.
As noted, the goal is “to facilitate transactions for individuals and businesses” and to “boost liquidity.”
At the same time, the aim is to uphold the culture of payment, which is “very important for ensuring revenue in the coming period” and “the smooth institutional functioning of the tax framework.”
Support for families and renters
In addition, the Deputy Minister referred to the measures being implemented to support families and renters.
As he emphasized, “the measures to support families are not piecemeal. Last year saw the largest reduction in direct taxation in many recent years, and its primary focus was on supporting families with children. It was the first time that a reduction in the tax rate was linked to the number of children.”
Within this permanent framework for providing tax relief to families with children, the support measure of 150 euros per child will be provided at the end of June, without the need for an application, based on the income criteria of the “My Home 2” program.
At the same time, the income threshold for renters has been raised, allowing an additional 70,000 beneficiaries to qualify for the permanent rent rebate each November.
For teachers, nurses, and doctors serving in the regions, this measure could effectively refund them two months’ rent per year, noted Giorgos Kotsiras.
Tax and burden reductions
When asked what citizens can expect in light of the upcoming 6th Thessaloniki International Fair, the Deputy Minister emphasized that, as Prime Minister Kyriakos Mitsotakis has also pointed out, a fundamental political choice is the reduction of taxes and burdens.
“This is what we have been doing all these years. And precisely because our economy is doing better, we will continue to do so. We will continue to strive to find ways to reduce the tax burden on citizens and businesses, and to strengthen Greek society in a lasting way,” he said.
Finally, George Kotsiras emphasized that even in times of crisis, Greece continues to support society.
As he noted, a significant portion of revenue is returned to Greek citizens each year, thanks to economic growth and the efforts made to combat tax evasion.
The government continues to support citizens, fully aware of the needs of the European reality and Greek society.