At 1.5 billion euros the TIF package – In September the setting for loans in Swiss franc

The target for a € 1.5 billion “package” remains steadily. TIF In September. This is clarified in the RES-EIA agents ministry National Economy and Financewith 1 billion euros coming from the much better predictions of his performance budget both in revenue and costs, and the € 500 million to be saved by the escape clause for the defensive costs.

The government’s financial staff is already being processed on proposals for middle class tax cuts and aid to vulnerable groups, along with interventions for the mortgage, so that final decisions will be made in August.

As Minister Kyriakos Pierrakakis has recently stated, “we have designed measures in terms of growth of the economy rather than benefits. The TIF plan is specific and focuses on reducing weights for the middle class. We want to go horizontally, with a boost to growth and with weight removal. “

Among the measures discussed, including existing information:

-Medium income tax deals, with interventions on the tax scale and rates of the tax scale.

-Imagine reliefs for families with children to support families, while the scenarios include the increase in the tax -free threshold.

-Reduce the tax burden on rental income, while granting incentives to owners to dispose of closed houses on the market.

Especially on the housing issue, Mr. Pierrakakis has pointed out that the financial staff is preparing a series of proposals that will create a “positive supply shock” to “see more houses in the market”.

It is noted that, in another RES-EIA question about “what is going to be with borrowers in Swiss franc?”, Ministry officials say that there is an arrangement in September to eliminate the cost of those borrowed in the currency. Possible scenarios, in collaboration with the Bank of Greece and the banks, take into account all the parameters (equivalent, securitization, “Hercules” program, loans that are already served or turned into euros) in order to ensure proper balance.

The goal is to make the best adjustment, which will not hit the securitization and “Hercules”. With the Minister of National Economy and Finance, he has characteristically stated that “the” Hercules “program for” red loans “must always be guaranteed.

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