Tougher measures for consolidation of the Economy

With the assembly of mice for trapping the cat, the discussions and counter-calls for dealing with the crisis in the Cypriot economy are similar. Dimitris Christofias is convening a meeting of technocrats at the Presidential Palace, while by the end of the week, new tougher fiscal consolidation measures are expected to be announced.

According to information, the President will convene a second meeting of the parties in order to secure as much consensus as possible. On a double front, the thoughts of the government's financial staff are turning. Civil servants and tax evaders are being targeted, but the question remains: will there finally be the political courage to adopt and implement measures for!

According to information, measures will be put on the table for:

TARGETING BENEFITS AND SPONSORS,
TARGETING FOR HOUSING PLANS, INCLUDING REFUGEES,
PAYMENT OF INCREASES TO CIVIL SERVANTS BASED ON THE GROWTH RATE,
REFORM AND ITS FREEZING FOR TWO YEARS,
ELIMINATION OF OVERTIME AND INTRODUCTION OF SHIFT IN THE FIELD OF HEALTH.
At the same time, tax-free amounts and uncollected taxes are being targeted. Specifically studied:

LIFT AMOUNT TAXATION DURING THE RETIREMENT OF CIVIL AND PRIVATE EMPLOYEES,
TAXATION OF ALLOWANCES AND BONUSES IN THE PRIVATE SECTOR,
ASSIGNMENT OF TAX COLLECTION TO INDIVIDUALS,
CONSOLIDATION OF REAL ESTATE TAXES.

The trade union movement, however, is reportedly unwilling to accept new cuts for civil and semi-civil servants and is calling for a fair distribution of burdens. Source: Sigma live