Fiscal policy

Effective tax system, effective public expenditure are both key to growth

Fabrizia Lapecorella, deputy secretary-general of the Organization for Economic Co-operation and Development, has indirectly identified three main weaknesses in Greece's fiscal policy: the need to reduce the tax wedge in the labor market - that is the gap between the salary employers pay and the actual amount workers take home - and increase taxation on capital; to broaden the tax base and redu

Cyprus happy with EU’s fiscal plan

The joint statement on the orientation of the eurozone's fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister of Finance Makis Keravnos said on Monday in Brussels, where he was attending the meeting of the Eurogroup.

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