Sweeping indirect taxes to achieve primary surplus

Sweeping indirect taxes to achieve primary surplus

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indirect taxes

Greece will have to raise indirect taxes to the tune of 3.5 billion euros annually from the current fiscal year in order to achieve the 3.5% primary surplus target until 2022. According to Greek financial newspaper “Naftemporiki”, the specific country’s public finances will have to be propped through measures activated at the start of the year, as well as an increase in private consumption, which is related to indirect taxes. This means that while the Greek state collected 27.108 billion euros in indirect taxes in 2015, 29.311 billion in 2016, from 2017 onwards it will have to take in over 30 billion euros for each year.

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