The Ministry of Finance reiterated that the government's policy concerns the implementation of targeted measures.
The government decided to extend the application of the zero VAT rate to basic necessities for another six months, adding coffee and sugar to the list of products, announced the Minister of Finance Makis Keraynos.>
As Mr. Keravnos stated in statements after the session of the Council of Ministers, the extension was given, since the current term expires at the end of October.
“It has been decided to renew for another six months this list with the zero rate for basic products and we have also added two more products of daily use, coffee and sugar”, said in his statements Mr. Keravnos.
Asked if there are any thoughts on possible subsidies for electricity and fuel, the Ministry of Finance reiterated that the government's policy concerns the implementation of targeted measures.
“The government's policy is the targeted ones measures, which are both more effective and which are better in line with the fiscal framework and fiscal discipline, which we must have as a country to keep our economy on the right channel and level”, emphasized Mr. Keravnos.
Recalling the extension of the zero rate, the Ministry of Finance added that beyond that, he added, the government shows its sensitivities, it is a people-centered government.
“And we are following all the developments very seriously and very sensitively and depending on the developments the government will continue to put in place measures to alleviate those in need”, he concluded.