The staff level agreement is balanced and sustainable, gov’t spokesman Tzanakopoulos says

Despite the difficulties and delays as a result of the creditors’ irrational demands during the negotiations, the Greek government believes that the staff level agreement is eventually balanced and sustainable, government spokesman Dimitris Tzanakopoulos said on Tuesday during a press briefing.

Regarding the tax reliefs that will be included in the offset measures to be legislated and implemented together with the measures, Tzanakopoulos said, these are:

– Reduction of the tax rate for businesses from 29 pct to 26 pct.

– Reduction of tax rates for individuals from 22 pct to 20 pct.

– Reduction of the Uniform Real Estate Ownership Tax (ENFIA) by 200 million euros for low and medium income households.

– Reduction of the solidarity levy, which is zero for those with revenues up to 30,000 euros, while the rest is subject to a reduction.

The draft law on the prior actions is expected to be tabled in Parliament early next week and voted immediately after the Prime Minister’s return from his planned trip to China on May 16, the spokesman added.

He also announced that there will be a cabinet meeting next Thursday to present the agreement in detail as well as the initiatives for the next period.

“The government’s effort is now focused on the Greek debt,” he underlined.