The government will do all it can to inject liquidity in order to prevent the shrinkage of Greece’s gross domestic product (GDP) from rising into double digits this year.

The government is changing its subsidy policy to include all sincere taxpayers, not just low incomes, real or declared.

The economic impact of the coronavirus is grossly uneven, as recent data show that pensioners, civil servants and a significant number of private sector workers have seen little if any effect on their incomes from the drop in economic activity in recent months.

Aware of the very negative effects of the pandemic on tourism, Greece’s main industry, the government plans to inject a further 4.5 billion euros into the economy in the fall.

The Finance Ministry is working on a scenario for the payment of retroactive dues to around 2 million pensioners in a lump sum, following the final verdict by the Council of State on unconstitutional pension cuts in 2015 and 2016.

The government is considering a series of measures to help the economy emerge from the coronavirus-incited recession, including passing a number of taxes onto local authorities and introducing a training subsidy.

The government will seek an economic miracle in 2021 so that the country can leave the great financial adventure of the coronavirus behind it as quickly as possible.

The country’s fiscal record is being sacrificed to the containment of the recession and unemployment, as the 2020 budget now appears destined for a deficit of 7% of gross domestic product.

Almost four in five companies will be relieved of corporate tax payment this year, either because they reported losses in 2019, or because they will show a zero net result in this year’s tax declaration.

The Finance Ministry is considering a measure allowing taxpayers who suffered losses as a result of the coronavirus lockdown and had their tax obligations suspended to pay their taxes this fall in 12 installments, with little or no interest.

The government will enrich its support interventions of the next few weeks with criteria and limits so that state money to the market only reaches those proven to have been hurt by the restrictions.

For the first time in many years tax revenues are projected to drop below the 70-billion-euro level, while before the debt crisis of the 2010s they had been amounting to some 105 billion per annum.

From mid-March up until the end of May at the earliest, the state looks set to be the main – if not the only – income provider for about 3 million households in Greece, or 70 percent of all families.

The dilemma being faced by thousands of troubled employers across Greece is whether to dismiss employees or suspend their labor contracts instead, as the government is proposing.

The government will seek to raise the bill of measures aimed at bolstering business activity and increasing investment in Greece up to 2 billion euros.

As part of its bid to lighten the load of the Greek middle class, in line with its pre-election pledges last year, the conservative government is expected to include a package of measures in a midterm fiscal program to be submitted in Parliament after Easter foreseeing 1.8 billion euros in relief in 2021, Kathimerini understands.

Property surveyors commissioned by the Finance Ministry to recommend new zone rates aimed at matching market prices are expected to submit proposals for a rise in taxable rates – known as objective values – that would be higher by 30-35 percent in Attica and the country's most popular tourism destinations.

The legacy of the economic crisis includes an aging, shrinking population, high unemployment, low incomes, and huge amount of NPLs.

In its review of objective values – property rates used for tax purposes – the Finance Ministry is aiming to include real estate valued at an estimated 80-100 billion euros and at least 7,000 new areas in the system.

Despite shouldering the lion’s share of the tax burden during Greece’s protracted financial crisis, middle-class wage-earners are set to continue doing so in the foreseeable future, according to the new tax scale included in the 2020 budget which stipulates that those earning more than 1,000 euros will see reductions of just 1.5-2 percent.