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> Economy

Draft bill unveiled, eyes settlement of debts to state in 100 installments

According to information, the amendment will include, inter alia, incentives for on-time repayments.

Newsroom March 12 02:21

A long anticipated draft law by the new government to allow for a 100-installment plan in order to pay off verified debts to the state was unveiled on Thursday over the Internet.

The main crux behind the draft legislation is, on the state side, to collect debts amid a current “cash crunch” faced by a Greek government seeking better conditions from institutional creditors. For taxpayers, individuals or legal entities, the benefit would be up to 100 installments with no fines or surcharges tacked on.

The draft bill is now headed to Parliament for debate and ratification.

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