The support measures have an expiration date until the end of the year, clarified the Deputy Minister of Finance Haris Theocharis, noting that the extension to Market Pass, cannot be extended to 2024. He clarified that only new beneficiaries will apply as the “old” items will be updated automatically.
As he told MEGA: “It is very important to continue the measures for as long as necessary, as the Prime Minister said. As is the EU framework, these measures are set to expire at the end of the year. For the next few months we have the option of extending the Market Pass. However, it cannot be extended to 2024.
The 2nd is to take into account the new applications, there are people who had incomes and now they don’t, others who didn’t have incomes and now they do. The discussion I will have with the AADE and the Ministry of Digital Governance is to consider that these applications have been made and to open the system for those who additionally want to apply. Those who applied will have their details automatically updated. This means that everyone should rush to their accountants, let’s not leave it to the last minute.”
For the current
Regarding electricity bills and reliefs, Mr. Theocharis said:
“For the accounts they have created an innovative system which, which said that we had set a target price, the one that was essentially before the crisis, and every month we monitor the prices, which we obliged the providers to announce 10 days in advance the beginning of the month, for the following month, and in this way we would know the level of the subsidy that would lower the price to the target price set by the Ministry of Energy.”
He continued: “Now that inflation has come down, and it’s come down mainly from energy, the prices themselves, they’re at the target price, there’s no reason to continue the measure. As long as it is 0.15 euros per kilowatt hour and below, we will not continue to subsidize. We cannot eliminate the crisis, but the system will monitor prices if they rise again.”
Welfare benefits
Regarding the welfare benefits that will be given on a debit card, Mr. Theocharis clarified that, “there is no trap in this. If we all agree that tax evasion is anti-social behaviour, what is lost by tax evasion is necessarily made up by rates. We want a system that works with all our citizens.”
What did he say about indirect taxes?
Regarding the reduction of indirect tax rates, the Deputy Minister of Finance noted that, “it is an essential issue. The prime minister, in the presentation of the pre-election announcements, stated that it is a thought that we will implement to the extent that we complete our pre-election commitments and there is the fiscal margin, always for a period of 4 years. The crucial thing is to make some interventions immediately, to raise the tax-free, to reduce the presumptions, to revisit the issues of the free entrepreneurs in order to abolish the pretense fee. There are other tax interventions ahead and once these are implemented and start to pay off, and we see the final fiscal result, then we will look at the rest of the tax reliefs as well.”
Mr. Theoharis also reiterated that the VAT is not going to be reduced.
“The 24% VAT is something that the SYRIZA government brought in a specific journalistic context. The temporary VAT reduction is a measure that does not work and has not worked anywhere. When you make the reduction, the prices do not fall and when you make the return, the prices increase. Inflation ended up being less than Spain, but food inflation is still high and that’s a problem. We will monitor it”, concluded Mr. Theocharis.
#Market #Pass #extension #locked
Analysis of News Article: Expiration Dates and Financial Support Measures
In a recent statement, Deputy Minister of Finance Haris Theocharis clarified the expiration dates for various financial support measures, sparking interest and concern among the public. As a renowned blog news writer, I will analyze the article and provide insights into the concept of expiration dates and their applications in different contexts.
Expiration Dates: A Definition
Before diving into the news article, let’s define what an expiration date is. An expiration date refers to the last day that something is valid or effective. This concept is commonly applied in various fields, such as finance, government, and consumer goods.
SEPTA Key Reduced Fare Card and Expiration Dates
Interestingly, the concept of expiration dates is also relevant in the context of the SEPTA Key Reduced Fare card, which has an expiration date printed on the front of the card upon issuance [[1]]. The card is valid for four years, highlighting the importance of expiration dates in ensuring that individuals update their cards and take advantage of available benefits.
Options Trading and Expiration Dates
In contrast, the world of options trading also relies heavily on expiration dates. According to Investopedia, the expiration date of an option is the last day that an options or futures contract is valid [[3]]. In options trading, expiration dates typically fall on the third Friday of the month, also known as ”expiration Friday” [[2]].
Analysis of News Article
Now, let’s focus on the news article. The Deputy Minister of Finance, Haris Theocharis, stated that the support measures have an expiration date until the end of the year. Notably, he clarified that only new beneficiaries will apply, as the “old” items will be updated automatically. This highlights the importance of expiration dates in ensuring that support measures are reassessed and updated to reflect changing circumstances.
Furthermore, Theocharis discussed the Market Pass extension, noting that it cannot be extended to 2024. This underscores the significance of expiration dates in setting clear deadlines for support measures, enabling governments to reassess and adjust policies accordingly.
Conclusion
the concept of expiration dates is crucial in various contexts, from finance and government to consumer goods. The news article highlights the importance of expiration dates in ensuring that support measures are updated and reassessed to reflect changing circumstances. As a renowned blog news writer, I emphasize the significance of understanding expiration dates and their applications in different fields.
References:
[[1]]https://wwww.septa.org/fares/reduced-fare-program/
[[2]]https://www.moomoo.com/us/learn/detail-options-expiration-date-in-options-trading-117142-240437090
[[3]]https://www.investopedia.com/terms/e/expirationdate.asp
