Troika Rejected 15% Reduction on Oil Heating Tax



troikaGreece’s creditors have reportedly rejected the government’s proposal concerning the reduction for special consumption tax on heating oil by 15%. According to ekathimerini, troika  was late in their negative response for the expansion of income criteria, which would lead to an increase in the number of heating allowances.

The government is reported to have attempted to hide the negative developments. According to reports in ekathimerini, they answered no to the proposal early yesterday, but the leadership of the Finance Ministry was claiming he was unaware of troika’s response regarding the request for the reduction on oil heating tax.

The Ministry of Finance appears to have some explaining to do for concealing the facts, if this is true, the Ministry must prepare another proposal to the troika, minus the tax reduction.

According to ekathimerini, this proposal provides a small advance payment of 25% of the total heating allowance, an increase on the allowance from 0,28 euros to 0,35 euros per liter, and an expansion of the income and property criteria in order for more people to receive heating allowance.