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Intense embarrbadment leads the government to predict that the IMF provides – or is not going to be – until 2023 – an "oversupply" for the distribution of profits and policy measures social. The Fund forecasts a primary surplus that never exceeds 3.5% of GDP, a threshold above which there is a fiscal "benefit" area. In his letter accompanying the report on Article 4 on Greece, our country's representative to the IMF, Mr Michalis Psalidopoulos, transposes the inconvenience of the Greek authorities because "no additional space is planned for 2019 to 2022 "(no Worse still, the IMF has incorporated as planned the pensions cuts and tax-free for 2019-2020. At the same time, however, this is not the case. is not even the reference scenario that the "positive countermeasures" voted by the House ("the underlying baseline") can be applied!
On the other hand, the IMF responds as follows to the report that was published, based on what Euklidis Tsakalotos told in meetings with ministers and officials from June 23 to 29:
The IMF strengthened its point of view view that high commitments for primary surpluses are detrimental It also states that "in 2019, spending on targeted social protection measures and investments will increase by 1% of GDP, since they will be financed by an equal 1% reduction in pension GDP (through rebalancing)" while "tax rates on incomes will be reduced by 1% of GDP, a measure that will be financed by expanding the broadening of tax bases and reducing the tax rate."
In other words, the IMF says "falsely committed" surpluses but "bravo" (1% of GDP a year) to find money for social benefits and tax breaks for those who pay a lot of taxes
– With regard to other countermeasures (school aids etc.), "the Greek authorities confirmed that they would fully implement the pre-legislative tax package and favorable for growth for 2019 and 2020, but the precise composition of the expansive measures is still being evaluated. "
the benefits and (19659002) -" They also expressed their point of view (the Greek authorities ) that there would be additional fiscal space for expansionary measures. They expect an additional fiscal space of about 0.4% of GDP in 2019 (reaching 1.7% of GDP in 2022), but they will revise this estimate when preparing the budget for 2019 later in the year. ;year. "
the government plans to reduce in October or November before the adoption of the new budget of 2019.
-" If space is available ", says the report," the authorities will give the priority to reducing the tax burden in 2019 and 2020, while a budgetary space will be allocated in the years to come "
Thus, benefits are granted only after 2021, since only a lightening Tax will be made up to now for those who currently pay a lot (companies and what's left of the middle clbad).
Basically, shortly before everyone goes on vacation – and before the "feast" of August – the IMF declares "present" and sends a message to markets that a grant in Greece Is not allowed
. and no longer qualifies as "not exceptionally" But with these facts, this raises concerns even though Greece can take a 15 or 20 year bond that ends in 2033 or 2038.
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