Athens plans to use cash buffer to create fiscal leeway for expansionary measures

EconomyProgramme Tags: Budget, Taxes
Photo by MacroPolis
Photo by MacroPolis

The package of expansionary measures announced by Prime Minister Alexis Tsipras on Tuesday is due to be covered by the fiscal space the government expects over the coming years but also creates some doubt about the primary surplus targets agreed with the lenders.

The interventions that will be implemented this year (reduction of VAT on food products, food service and energy bills, as well as a bonus for pensioners) is estimated to cost 1.15 billion euros, around 800 million of which will be the lump sums paid ou...

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