Taxmen strike delivers a fatal blow in revenue

The economy team is very anxious about the progress of the budget which is underway. With tax offices closed, the leadership of the finance ministry tries to send firmans and threats to persuade both the taxmen to refrain from new strikes and continue to collect, and all kinds of other directors of state agencies and services to refrain from spending money that does not exist… 

The tax collectors’ 48-hour strike in the last two days of the month is expected to negatively affect the progress of revenue in December, bringing the ministry to enlist accounting tricks to hold the derailment of this year's deficit, perhaps at more than 9% of GDP. 

During the meetings held by finmin Evangelos Venizelos official agents, it was discovered that the only salvation for this year's proceeds are to collect the already assured income, property and car taxes which will be entered as revenue in December although they will be collected within the first two months of 2012. 

According to the revised annual target, total revenue should have been configured at 45.642 billion up until November, while the proceeds amounted to 43.860 billion euros. The deficit reached 20.490 billion, marking a 5% rate over last year’s corresponding period. In accordance with the revised target the deficit should annually close at 21.712 billion with an increase of 1.2% over last year. 

As admitted by officials of the ministry, it is difficult to close the hole of more than 3 billion, bringing closer the possibility of additional measures for the implementation of which the government has made a firm commitment to troika, should the situation require such a move. 

At the same time deputy finmin Philippos Sachinidis gave ​​strong written recommendations for the management of overdue debts, threatening with sanctions those bodies that sweep the overdue debts "under the carpet".

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