March 26, 2023

Athens News

News in English from Greece

It remains only in dreams to reduce VAT on basic products

The government is postponing the reduction of VAT on basic products as a measure to support the population due to inflation and rising prices due to the energy crisis.

The head of the prime minister’s office, Alexis Patelis, stressed that “the government will act prudently. So far, support has been provided to citizens, including, for example, the minimum wage of workers has increased. So we will continue.”

At the same time, in an interview with, he mentioned that “fiscal discipline” (control over the payment of taxes and debt collection) will continue to be strictly observed.

Mr. Patelis also stated that the national goal for 2023 is to restore the investment grade of Greece. He notes that a 2% increase in the minimum wage will not trigger an inflationary spiral, stressing that the health of the economy justifies the increase in wages.

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