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Only 6.8% deficit in the Greek 2012 budget

03 October 2011 / 12:10:31  GRReporter
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After fierce bargaining with the representatives of the supervisory Troika, which continued throughout the weekend, the Greek government managed to make the draft budget for next year with only 6.8% deficit. According to it, the two ruinous extra taxes - the "solidarity" tax and the poll tax on real estate will affect citizens in 2012. In addition, the draft budget provides for:

economies from medical duties for € 100 million;

reducing state spending by € 150 million;

reducing military spending by € 330 million;

reducing free medicines by € 60 million;

reducing social benefits by € 120 million;

reducing tax breaks for children by € 380 million;

cutting the single benefits at retirement by € 100 million;

reducing social allowances by € 220 million;

the reduction of the non-taxable minimum from € 12,000 to € 5,000 will save € 1.35 billion;

the extra "solidarity" tax will bring € 1.18 billion;

the flat tax for freelancers will bring € 100 million;

the increase in  property taxes will bring in to the treasury € 1.8 billion;

the increase in excise duty on oil for heating will bring another € 670 million in to the state treasury.

 

Tags: 2012 budgetDeficitSupervisory troikaGreek foreign debtEuro zoneParliament
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