Detailing who is entitled to subsidies, aid, debt settlement and tax relief in the new $500m package. government’s €500 million.
In a broad package of interventions aimed at enhance the daily lives of millions of citizens, the government is moving to restore budgetary space of €500 million to social services, government spokesman Pavlos Marinakis announced. The measures cover a wide range of beneficiaries, from families with children and pensioners to tenants, farmers and debtors facing overdue debts, and include subsidies, tax relief and more favourable repayment arrangements. The aim, according to the government, is to provide immediate financial relief to households and productive groups, at a time of continuing pressure from the cost of living and the obligations of everyday life.
In the context of the government’s recent announcements, with the new package of measures aimed at providing financial support to households, workers, pensioners and farmers, as well as easing the burden on citizens with overdue debts, government spokesman Pavlos Marinakis said in a post.
These interventions include financial aid, tax regulations and targeted subsidies, aimed at relieving large categories of citizens and addressing accumulated financial pressures. The announcement presents details of the beneficiaries, the scope of the measures and the way in which they are expected to be implemented in the coming period.
The post by Pavlos Marinakis
“500 million euros announced by the Prime Minister is what we can additionally give back to the world.
Without celebrating, we are returning, gradually, to society what it was deprived of.
Let’s look at who these measures affect and who will benefit:
At the end of June, some 975,000 households, representing 3.3 million members, will receive €150 in aid for each child, in addition to all other tax relief or all other benefits given on a permanent basis.
In short, we are talking about 80% of families with children.
And I stand, separately, as the Prime Minister did, on the measures to deal with private debt. Because this concerns many of our fellow citizens, who will get a breather.
Debts that became overdue by December 2023 will now be able to be settled in up to 72 instalments. The only condition is the repayment or settlement of the debts from December 2023 to date.
A second important measure in this category is the possibility of lifting the seizure of a bank account if 25% of the debt is repaid and all remaining obligations to the tax administration are settled.
And third, which affects about 300.000 of our fellow citizens, those who have debts between 5,000 and 10,000 euros will be able to join the extrajudicial mechanism.
The aid for low pensioners, which we give permanently every year, goes to 300 euros, while the perimeter is extended to cover, now, 1.9 million beneficiaries.
The refund of one rent will be given to even more beneficiaries. That is, we are reaching 1 million tenants and “touching” 86% of tenants who will, annually, get one rent back.
The diesel subsidy is extended to 20 cents at the pump for the month of May as well.
As is the fertiliser subsidy for farmers, at 15% of the value of the invoices. This concerns about 250,000 farmers.
In the country of “give it all”, “there is money”, “money trees”, I think you are tired of hearing a lot of things being said.
The Mitsotakis government, after correcting its mistakes, increases the pie and returns the extra tax revenue back to society.
There is more to come.”
