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> Economy

Protothema presents the government’s “Holistic Growth Plan” strategy

The 106-page plan is an attempt to persuade its creditors that it has a growth plan in the post-memo era

Newsroom May 22 05:00

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Protothema has managed to get a hold of the entire plan for the development of the Greek economy presented at the cabinet meeting.

Titled “Greece: A Growth Strategy for the Future”, the government is trying to present its growth strategy in a 106-page paper and persuade lenders that it has a strategy for the post-memo era.

Protothema.gr brings to light the famous holistic program consisting of five chapters:

– Financial sustainability

– Sustainable development

– Structural conditions for development

– Fair and inclusive growth

– and Financing Development 80
The government, while pointing out that a reduction in business and citizens’ tax is necessary, reassures its lenders that it will only be done if the fiscal margins allow.

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The government’s fiscal reform strategy, as presented in the relevant analysis consists of the following key actions:
– utilising the national property registrar
– expanding the use of electronic payments through regulatory decisions and incentives for taxpayers
-broadening the tax base and combating tax evasion
– cross-checking tax returns and bank accounts to deal with major tax evasion cases
– combating tobacco and alcohol smuggling
– providing tax incentives for businesses through the new Development Law and the Strategic Investment Act
– ensuring fair arrangements for public debtors through the out-of-court mechanism (OCW)

 

read the complete plan in Greek here 

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