Economic Revolution Underway: Groundbreaking Bill Set to Reshape the Nation’s Financial Future

Today at noon, Tuesday 11/7/2023, it is expected to be announced that the economic bill will be given for consultation by the Ministry of National Economy and Finance, which is expected to be voted on before the closing of the Parliament for the summer holidays.

The relevant announcements on the content of the bill will be made on the 1st by Finance Minister Kostis Hadjidakh and will include all of New Democracy’s pre-election commitments.

According to information and as reported by the Athens News Agency the bill will include measures starting with Market Pass from next month and will continue one month after the Youth Pass for those turning 18.

At the same time, it will be included in the package doubling the amount “My Home”a breather for pensioners who continue to work and will immediately see their pensionable earnings increase by the same amount as the 30% they currently lose for working even one day.

Indicatively, the main measures that will be included are:

Market Pass: Extension of the measure for three more months (August, September and October) with the aim of limiting the negative consequences of the continuation of punctuality.

Youth Pass: In September, the youth pass will be granted for the first time to those who turn 18 this year. A bonus of 150 euros will be credited to their digital wallet or bank account.

Tax-free increase: The increase of the tax-free limit by 1,000 euros for employees, pensioners and farmers with children will be applied from January 1, 2024.

Pension penalty: The “penalty” of deducting 30% of pensionable earnings for working pensioners is expected to be abolished immediately and replaced by a graduated levy on earnings.

Salary increases in the public sector: Establishment of a new civil servant salary with substantial increases in family allowances and position of responsibility allowances and the entry salary of a civil servant with compulsory education to increase from 780 euros today to around 840 euros.

Decrease ENFIA: Decreases by 10% in 2024 for those who have insured or will insure their homes by the end of the year.

#economic #bill #announced #today

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

On Key

Related Posts