The Ministry of Finance is evaluating the government measures against inflation, stated the Minister of Finance, Makis Keravnos, following the session of the Cabinet.
According to Mr. Keravnos, the ministry is also monitoring fuel prices in the international market. As he said, a proposal will be submitted to the Cabinet in a timely manner.
“The monitoring of inflation is continuous because economic conditions are characterized by inflationary pressures. We are concerned about the issue and, as I said, we are evaluating the existing measures, some of which expire at the end of the month, and the ministry will submit a relevant proposal in a timely manner.”
It is reminded that at the end of the month, the staggered subsidy measure for the cost of electricity expires, which has been in effect since last November. 429,000 households and 106,000 businesses benefit from the electricity subsidy, with the cost to the state treasury reaching €45 million.
On March 3rd, the measure reducing consumption tax on motor fuels expires. From November 3rd, 2030, until March 3rd, 2024, gasoline and diesel are sold cheaper by 8.33 cents per liter.
The fiscal cost is estimated at around €21.8 million.
Additionally, on March 31st, the measure reducing the tax on heating oil expires.