ATHENS – [ANA-MPA]
Greek National Economy and Finance Minister Kyriakos Pierrakakis stated that Greece is recording the fastest debt reduction globally, with public debt continuing on a steady downward trajectory, while the government aims to reduce it below 120% of GDP by 2029. He stressed that this reduction constitutes a prerequisite for economic stability and national sovereignty.
The minister made these remarks during his address at the Gala Dinner of the 7th Conference of the Economic Chamber of Greece, held under the theme “The World in Disruption”.
Pierrakakis also noted that the framework governing accountants’ due diligence obligations is being revised, introducing new roles for the Ministry of National Economy and Finance, the Independent Authority for Public Revenue (AADE), and the Economic Chamber of Greece.
He underlined that several provisions included in the bill scheduled for parliamentary approval next Wednesday [5/13] are the outcome of consultations with social and professional stakeholders. These measures include reduced penalties for late submission of zero-value VAT returns and the abolition of fines for tax declarations involving liabilities of up to 100 euros.
Referring to the crisis in the Middle East, the minister reiterated that, above all, targeted and effective measures are required to protect the most vulnerable citizens and the businesses most exposed to the impact of the crisis, without risking new fiscal imbalances.
