Chouliarakis: Our effort is made with social justice

Chouliarakis: Our effort is made with social justice

Athens, May 9, 2016/Independent Balkan News Agency

By Spiros Sideris

“The profound difference between us and the conservative faction is that our effort for an economic recovery takes place in socially fair way, with realistic primary surplus targets, and milder fiscal adjustment”, said the Deputy Finance Minister George Chouliarakis speaking from the floor of Parliament for the social security-tax bill, pledging that the government will invest in the welfare state the benefits of economic growth that would occur by 2018.

“Our priority is to restore stability in a way which is socially equitable”, said during his placement to the House the Deputy Minister of Finance.

Referring to the tax bill changes, Mr Chouliarakis stressed that the vast majority of self-employed will pay much less tax than they used to pay, the vast majority of the rural population will not pay taxes, in contrast with what is happening today, and the middle social strata will pay the minimum or less than they are paying now.

The deputy finance minister said that the fiscal adjustment which is being attempted will be very mild, as it has a three-year horizon and the measures that are being legislated today will be implemented progressively, resulting in the household burden being much smaller than the weights that have befallen the greek society in the last three years.

Mr. Chouliarakis strongly criticized the main argument of the opposition that in 2014 there were significant growth rates which were then disrupted, noting that growth was anemic and would have led to a deepening of the recession.

Continuing, he said that the primary surplus in 2014 was 0.7% and the target for 2015 was to reach 3% surplus.

“Even if we assume that the economy would go as well as was predicted by the then government, with a primary surplus of 0.7% it would require additional measures of around EUR 4 bn to cover the difference up to 3%, while we will take fiscal measures of EUR 5.4 bn for the next three years”, said the deputy Minister of Finance and concluded:

“The profound difference between us and the conservative faction is that our effort for an economic recovery takes place in socially fair way, with realistic primary surplus targets, and milder fiscal adjustment.

In contrast, ND will make the benefits of economic growth that will occur by 2018 will make tax cuts, reducing the welfare state. We will invest them on the welfare state so that the country comes out of the crisis with the head held high”.