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> Economy

A conservative Greek draft budget for 2015

The Greek government is expected to unveil its 2015 draft budget on Monday, espected to have a surplus close to the bailout target and a few relief measures for austerity-weary Greeks

Newsroom October 6 10:01

The 2015 draft budget is being submitted to Parliament by Deputy Finance Minister Christos Staikouras on Monday, however it may not be the same one submitted to Parliament on November 10.The reason for this is because the government and the troika of international lenders made up of the European Commission, European Central Bank and International Monetary Fund are waiting to see the amount yielded from the new single property ENFIA taxes by the end of October.

Sources state that the government’s daft budget is based on conservative predictions for 2014. The government has shied away from risks even though it had enough leeway to make changes with tax revenue for September at 4.7 billion euros.

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Speaking with Greece’s weekly newspaper, To Vima, Mr. Staikouras said that a “solidarity tax” that had been introduced to deal with Greece’s debt crisis would be cut by 30%. The heating oil consumption tax is also expected to be reduced.

Earlier this year, Greek Prime Minister Antonis Samaras had promised that uniformed forces would see their wages rise.

Greece is expected to achieve a primary budget surplus of 2.9% for the next year, just inches from the 3% target set under the terms of the country’s bailout deal.

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