Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May

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

The supplemental Memorandum of Understanding (sMoU) that was the product of the Staff Level Agreement (SLA) between the Greek authorities and the institutions outlines the understanding and obligations on the fiscal sustainability front, which range from improving public financial management to strengthening the institutions and processes that will deliver on the fiscal commitments.

The document reaffirms Greeceā€™s commitment to pursue the fiscal path agreed at the start of this programme in the summer of 2015, which is based on primary surplus targets of 1.75 percent in 2017 and 3.5 percent of GDP in 2018. The primary surplus targe...

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