The Greek state fund for 2022–2025 received further revenues of 19.7 cardinal eurosa important portion of which was formed owed to rising prices and accrued indirect taxes.
According to fund data, much than 55% tax revenue falls connected indirect taxes – archetypal of each VAT and excise taxes. This means that the main load is formed not straight done income, but done consumption.
Where did the excess income travel from?
The maturation successful revenues is explained by respective factors:
- an summation successful physics transactions and a alteration successful the shadiness economy;
- rising vigor and nutrient prices;
- increasing salaries and pensions;
- increased depletion and tourism.
However, the cardinal relation was played inflation factor: the higher the prices, the much taxes the authorities collects from each purchase.
Invisible tax increases
Of peculiar value is that the tax standard was not indexed successful accordance with inflation. As a result, some citizens automatically moved into higher tax categories.
In information this means hidden summation successful tax burdeneven without a ceremonial summation successful rates.
Where did the wealth go?
Part of the further income was allocated to:
- support for the colonisation during the vigor situation (14.7 cardinal euros);
- social payments and benefits;
- increasing salaries and pensions;
- reduction of definite taxes and fees;
- increasing nationalist investment, including wellness and defense.
Annual fund interventions amounted to:
- 2022 — 3.3 cardinal euros;
- 2023 — astir 6.9 cardinal euros;
- 2024 — 2.5 cardinal euros;
- 2025 — 2.95 cardinal euros.
The system is increasing – and so are incomes
Over the aforesaid play Greece GDP accrued from 168 cardinal to astir 250 cardinal euros, and tax revenues accrued from 44.4 cardinal euros successful 2020 to 71.9 cardinal successful 2025.
The superior fund surplus reached 4.8% of GDP successful 2024and successful 2025 it is expected astir 4.5%.
Growth price
Despite the betterment successful macroeconomic indicators, the structure of fund revenues shows a stable dependence connected indirect taxationwhich is straight related to the terms level.
In signifier this means a elemental thing: the much costly beingness is, the greater the state income.
That is why fund maturation and rising prices for citizens today spell astir successful parallel – and this equilibrium is becoming a cardinal contented of economical policy.
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