The "key" date for new tax cuts

The Eurostat is expected to publish its final estimates of Greece's primary surplus on April 22. 
These are considered the main figures that will provide a clear of the performance of last year's budget and the fiscal space that can be used for the new tax cuts to be announced by the government. The next milestone will be June when the estimates of the revenue from combating tax evasion will be finalized. The combination of these two factors will provide a clear picture of the fiscal margins that the government will ultimately have at its disposal in order to lock in the package of new positive measures that Prime Minister Kyriakos Mitsotakis will announce in September at the TIF.
So far, figures show that the target for the primary surplus of the state budget has been significantly exceeded. Instead of 2.5% of GDP, which was the initial target, it closed around 3.5%, a development that creates additional fiscal space compared to the previous estimates of the Ministry of Finance.
Initial calculations raise the amount of the fiscal margin to up to 2 billion euros.
 

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