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Rising contributions spark concern in key voter groups
Apart from turning a primary deficit into a surplus in what is expected to be a low-growth environment next year, the government is also facing another challenging balancing act as it will have raise social security contributions for the self-employed despite pledging lower levies for employers and employees.
New Democracy has targeted a 2 pct of GDP primary deficit this year and, for the time being, remains committed to producing a 1 pct of GDP primary surplus next year. This will involve a fiscal adjustment of around 6 billion euros, which means that the c...
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