Fiscal issues top agenda as fourth post-MoU review gets underway
ND aims to show progress at Eurogroup but QE unattainable for now
Athens preparing to present budget plans to lenders after tax cut pledges
Brussels urges Athens to remain on reform path as fourth post-MoU review looms
Athens hopes lower bond yields strengthen case for reducing fiscal targets
Staikouras strikes note of caution on fiscal space and tax cuts
Finance Ministry faces balancing act as it starts to draft 2020 budget
The Finance Ministry is getting down to the business of drafting the first version of the 2020 budget, which will have to achieve the key economic goals pledged by New Democracy but also satisfy Greece’s lenders.
During a press briefing on Tuesday, government spokesman Stelios Petsas said that the tax-free threshold for incomes will not be reduced, there will be no cuts to social benefits and there will be no fiscal gap in 2019 or 2020.
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