Greece's prime minister is expected on Saturday to detail tax cuts for comp...
ATHENS - Greece’s prime minister is expected on Saturday to detail tax cuts for companies strained by years of austerity, while also promising pro-business reforms aimed at convincing lenders to ease the nation’s fiscal target from 2021.
Greece remains under financial surveillance to ensure it meets its fiscal targets, and Mitsotakis says his government is confident of achieving a primary budget surplus — which excludes debt-servicing costs — of 3.5% of GDP in 2019 and 2020, as agreed with European lenders. He is also expected to announce measures to help ease the tax burden for certain groups of austerity-hit taxpayers and offer incentives to boost the construction sector.
The government also wants to resume talks with lenders on repaying earlier loans from the International Monetary Fund, officials said, finishing off a project the former government had started. Senior euro zone officials were neutral to positive this week to the plan presented by their Greek peer.
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