World

Athens gives citizens €650 mil to cope with food price rises

State to repay citizens for purchases made each month, for six months starting Feb

Updated 3 years ago · Published on 18 Dec 2022 6:30PM

Athens gives citizens €650 mil to cope with food price rises
Trying to help as many households as possible, Greek Prime Minister Kyriakos Mitsotakis says the €650-million programme is to be financed by surplus taxes on the country’s refineries. – AFP pic, December 18, 2022

ATHENS – The government in Athens wants to give Greeks a helping hand from February because of steep food price increases reported dpa. 

Greek Prime Minister Kyriakos Mitsotakis announced in the Greek Parliament yesterday evening that the state would pay 10% back to citizens for food purchases up to a certain amount. This measure will apply in the six months from February, he added. 

The 10% repayments will be made for single people for food purchases up to €220 (RM1031) per month. For each additional member of a family, the limit will increase by €100 up to a maximum of €1,000 of food purchases per month, the conservative government leader announced. 

“We are trying to help as many households as possible,” he said. 

The €650-million programme is to be financed by surplus taxes on the country’s refineries, he said. The government’s measure does not have to be approved by Parliament. 

Couples earning up to €24,000 a year will benefit from the programme. For each child, €5,000 will be added. More than 85% of the country’s taxpayers should be helped with this programme, Mitsotakis estimated. – Bernama, December 18, 2022

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