In his intervention on the fifth worldwide convention of the Greek Chamber of Commerce, Minister of Finance Kostis Hatzidakis referred to the financial coverage of the federal government to any extent further, in reference to the message he obtained from the residents on the polls of the European elections.
In his intervention, Mr. Hatzidakis emphasised the truth that “the residents are not looking for a return to recipes of fiscal populism, however demand from us a severe and efficient coverage”.
The intervention of Mr. Hatzidakis intimately
Those that voted for us within the parliamentary elections of 2023, and didn’t vote for us within the European elections, demand from us a severe and efficient coverage. They do not need us to return to recipes of fiscal populism. The demagogic and populist recipes have been tried and failed in our nation.
This was identified by the Minister of Nationwide Financial system and Finance, Kostis Hatzidakis, throughout his speech tonight on the fifth worldwide convention of the Greek Chamber of Commerce, on the theme “The world in transition”.
“We’re listening,” he added, “to the messages. However we transfer ahead with a way of nationwide accountability. Now we have no proper to waste the progress of latest years. We should transfer ahead with seriousness and credibility in an effort that takes on added significance in an setting stuffed with uncertainties.”
Addressing, as he famous, economists, he raised the questions:
Does anybody consider that the nation can persistently spend greater than it takes in?
Does anybody suppose we have to enhance borrowing once more to service an ever-increasing public debt?
Does anybody consider that we will obtain excessive and sustainable development charges with out rising our productiveness?
Does anybody consider that this may be achieved with out productive funding?
“I consider, notice that you do not consider these items both, and neither do the residents.”
Mr. Hatzidakis acknowledged that the Greek economic system, in an unstable and unsure worldwide setting, is on the rise, highlighting the fast restoration from the pandemic, the rise in investments by 40% in comparison with 2019, the rise in exports which marked the very best proportion enhance within the EU, the discount of public debt which is the quickest at EU degree since 2020 up to now, the decline of unemployment by 8 factors. Culminating within the restoration of funding grade
He offered the initiatives undertaken by the federal government after the elections, together with the legislation to restrict tax evasion, the rules to strengthen competitors within the banking system, the servicers and the extrajudicial mechanism, the ten privatizations and concessions made within the final 11 months and introduced 7.1 billion euros to the general public coffers. Additionally, the measures to extend the earnings of residents, resembling the rise within the salaries of Public Servants after 14 years, the brand new enhance in pensions, the rise within the tax-free allowance for households with youngsters, the rise within the start allowance, the brand new enhance within the minimal wage.
He additionally reiterated that the important thing priorities of our financial coverage over the subsequent 12 months embody:
1. Continuation of the intense and accountable fiscal coverage, which is the muse for the final effort within the economic system. “Within the context of the brand new guidelines”, he famous, “the surpluses that will come up is not going to routinely go to advantages however we are going to preserve them for the tough years and the additional discount of the general public debt. That is what each prudent householder does. That is what a prudent authorities ought to do, particularly in a global setting characterised by instability and uncertainty.”
2. Formation of a secure, honest and business-friendly tax framework. “We estimate that the complete implementation of the 11 measures to restrict tax evasion that we voted for final December will generate an extra income of two.5 billion euros yearly by 2027. The final word objective is to create the required fiscal area for additional tax aid for individuals who now bear a disproportionate burden,” he stated.
3. Strengthening and enhancing the operation of the monetary system, with the creation of the so-called fifth banking pillar, settlement of all excellent points in relation to the Hercules program, additional strengthening of transparency and equity in procurement, growth of the IRIS direct funds system, facilitating entry to financial institution loans for SMEs.
4. Offering incentives for the diversification and modernization of our manufacturing mannequin. By simplifying the fragmented and fragmented legislative framework for mergers and establishing tax and monetary incentives for mergers.
5. Optimum utilization of the funds of the Restoration Fund and the NSRF. “We’re ranked third by way of the absorption of the NSRF 2021-2027 and sixth by way of the absorption of the TAA – properly above the European averages. However we now have to maneuver with even larger pace and effectivity”, emphasised Mr. Hatzidakis.
6. Implementation of an built-in plan for the utilization of public property, with the brand new institutional framework for the modernization of the operation of the Superfund and its subsidiaries, the institution of a Nationwide Funding Fund and implementation of the plan for the utilization of ETAD properties.
“With all of the errors, with all of the delays, in our nation within the final 5 years we’re experiencing a revolution of widespread sense”, concluded Mr. Hatzidakis. “In my opinion, the latest results of the European elections doesn’t change that. It isn’t a name to alter route or put our foot on the brake. Quite the opposite, it’s a message that we should strive even more durable, go even quicker, extra effectively. With the intention of turning Greece into a contemporary European nation”.
#Hatzidakis #residents #return #fiscal #populism
