Greece: Tax Pacage to Curb Budget Deficit

(GREEK NEWS AGENDA)  Economy and Finance Minister Yiannis Papathanassiou announced on June 25 a €1,9 billion package of new tax measures, in an effort to boost state revenues and reduce public deficit. The package includes higher taxes on fuel, mobile phones, lottery earnings, cars with more than 2-litre engines and recreational boats over 10 metres in length. Another €1 billion in revenues is expected from legalizing unauthorised home construction. Papathanasiou stressed that the government remains committed to the goals of reducing the fiscal deficit to 3.7 pct of GDP this year, creating initial conditions for limiting public debt and preserving the credibility of the Greek economy. The Greek minister added that a battle to combat tax evasion and cutting public spending would continue.  Kathimerini daily: Gov’t seeks 2 bln euros in new taxes