The new framework introduces a series of changes that are expected to improve public finance management and aims to enhance the transparency and efficiency of fiscal frameworks, harmonizing Greek legislation with EU requirements.

This was emphasized, inter alia, by the Chairman of the Hellenic Chamber of Commerce, Konstantinos Kollias, speaking to the relevant House Committee on the bill, “Ensure Financial Balance: Reforming Framework for Financial Management – Amendment of Law 4270/2014 for the 20th Council of 20 Modification of Directive 2011/85/EU on the requirements for the budgetary frameworks of the Member States. “

Mr Kollias said the operation of the Financial Council as an independent authority offers independence and freedom in monitoring public finances, and has already been implemented in many European Union countries and worldwide, with multiple benefits.

It is also very important that the fiscal council may be requested by the HRAD, the conjunction of small -bodies with other databases of public bodies, the insurance system and the financial institutions.

The Hellenic Chamber of Commerce has repeatedly expressed its opinion on the need to coupulate public databases to be possible to make it possible to deposit
Thorough studies, economic-tax proposals but also for research purposes.

“In addition, we welcome the opportunity given to the Financial Council to evaluate and quantify the budgetary impact that proposals included in political parties are expected to have at their request, with the aim of better informing the citizens. And for our part, as an institutional adviser to the state on economy issues, we put the body at your disposal to assist with the know -how of our members in this direction. “

Greece’s Economic Chamber of Commerce is positively positioned in the reform of the Financial Management Framework, which is considered necessary to enhance the resilience of public economic economies of the European Union states against serious risks, such as climate change and demographic problem that is particularly concerned with our country.

But mainly it will be a catalytic factor in controlling fiscal resources for defense spending, which is a major issue for the European economy.

“Finally, new budgetary measures for citizens provided for in the bill are also considered correct. Returning a rent annually for the main and student residence, the annual financial support of 250 euros for retirees, uninsured elderly and people with disabilities, the extension of the income tax reduction for buildings upgrade costs and the complementary budget of 500 million euros. And we must continue to strengthen the economically weaker with even greater effort. “