SYRIZA: The costing of the measures announced by Alexis Tsipras

The program and proposals of SYRIZA, which is based on six major national priorities, in view of the 2023 elections were analyzed by the president of SYRIZA, Alexis Tsipras, in his speech as the leader of the main opposition party at the Thessaloniki International Fair.

Among other things, he announced a minimum wage of 800 euros, the renationalization of PPC and the abolition of the excise tax on fuel.

SYRIZA then gave a detailed costing of the measures announced by Mr. Tsipras, noting that the fiscal impact on the state budget will reach 5.61 billion euros.

A little earlier, the government representative had accused SYRIZA that the measures it announced cost more than 20 billion euros per year, an amount that would increase the country’s primary deficit by 10%, which would lead directly to new memoranda.

SYRIZA’s announcement in detail

Measures with a financial impact on the state budget

On the expenditure side 1. Recovery of the State’s percentage in PPC: 340 million.
2. Fuel tax reduction at the lowest EU rate (motor oil, heating oil, gasoline, natural gas): 1.5 billion/year
3. Non-payment of tax on agricultural oil: 160 million/year
4. Reduction of VAT on food: 960 million/year
5. Indexation of civil servant salaries: 1.3 billion for 2023 with inflation of 8.9% for 2022
6. Retrospective for pensioners: 2.5 billion in 3 years installments: 830 million for 2023
7. 13th pension: 830 million/year (net)
8. Adjustment of pensions: 600 million for 2023
9. Tax-free increase to 10,000 for those already covered by tax-free: 223 million / year
10. establishment of a tax-free allowance at 10,000 for Professionals – self-employed: 160 million/year
11. Abolition of pretense fee: 400 million/year
12. new NSS (payroll, recruitment) – 2 billion over four years – 500 million for 2023
13. Education – holistic plan: 291 million for 2023
14. Strengthening of the disabled: increase in disability allowance 140 million/year (the rest of the measures for the disabled are financed by a recovery fund)
15. Mother’s Allowance (extension and increase): 325 million/year
16. Extension of the maternity allowance to the self-employed, freelancers and farmers from 4 to 9 months: 70 million/year
17. Special maternity leave for self-employed, freelancers, farmers: 90 million/year
18. Infant and school meals (extension): 380 million/year
19. Housing policy: rent allowance 255 million/year The housing bank is financed by espa and a recovery fund

Total on the expenditure side: 9.35 billion.
On the revenue side: 1. Taxation of 90% of excess profits of companies: 3.69 billion
– energy production (2.2 billion in the last year)
– oil refining and trading (1.6 billion estimate of net surplus profits for the whole of 2022 based on net surplus profits of the first half of 2022)
– gas supply (300 million estimate of net surplus profits of the last year)
2. Taxation of dividends over 50,000 euros at a rate of 10%: 50 million/year
Total estimate from the revenue side: 3.74 billion
Financial result: -5.61 billion

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