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Greek government makes public latest proposals to creditors

June 23, 2015, 4:11 UTC+3 ATHENS
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ATHENS, June 23. /TASS/. Greek government has made public a list of its latest proposals to creditors who are demand enforcement of budgetary austerity measures by Athens.

"The Greek proposals ensure a low initial budgetary surplus expected to amount to 1.0% in 2015 and 2.0% in 2016," the government said in a report, adding that this was the result of tough and difficult talks in the course of which it tried to cushion off the impact of the austerity measures on people’s labor rights and to give some prospects of economic development.

The current proposals to the creditors are not part of the governmental programme, it said.

The cabinet has introduced amendments in the form of a solidarity tax in order to prevent a harsh in order to prevent to alleviate burdens on low-income citizens and pensioners.

According to the government’s proposals, the Greek citizens with the revenues of 12,000 to 20,000 euro will be supposed to pay a tax of 0.7% of their income. The incomes of 20,000 to 30,000 euro will be subject to a tax of 1.4%, 30,000 to 50,000 euro - 2%, 50,000 to 100,000 euro - 4%, 100,000 to 500,000 euro - 6%, and more than 500,000 euro - 8%.

The VAT will be levied in the amount of 6%, 13% and 23%.

Electric power and freshwater supplies will be subjected to a 13% VAT, while books and pharmaceuticals will be liable to 6.0% tax.

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