Parliamentary Budget Office concerned about the future

The Budget Office in Parliament has published its first quarterly report for 2014 and concludes that while the rate of recession is slowing down, the social…

The Budget Office in Parliament has published its first quarterly report for 2014 and concludes that while the rate of recession is slowing down, the social crisis carries on.

The scientific committee under professor P. Liargovas appears rather pessimistic regarding the coalition government’s predictions of a rather swift increase of revenue and reduction of tax evasion. Additionally, the committee argues that any discernible increase in income is mostly attributed to the government introducing new taxes and increasing the rates of existing ones.

Additionally, the Budget Office estimates that any discussion for debt relief must be initiated promptly in order to avoid any further problems. The rampant unemployment is also a major point of concern for the Budget Office, despite the recent improvement, stressing that the current rate is far higher than that in other countries where similar policies were observed.

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