Taxes bring dis­pos­able in­come down

Kathimerini English - - Front Page -

Greek house­holds’ dis­pos­able in­come de­clined 1.8 per­cent in the first quar­ter of the year from the same pe­riod in 2015, Hel­lenic Sta­tis­ti­cal Author­ity (ELSTAT) data showed yes­ter­day. This drop is mainly at­trib­uted to an in­crease in taxes and so­cial se­cu­rity con­tri­bu­tions, while there was also a fall in ex­ports and im­ports in the Jan­uary-March pe­riod.

ELSTAT re­ported that the dis­pos­able in­come of house­holds added up to 26.4 bil­lion eu­ros in Q1, down from 26.9 bil­lion a year ear­lier. No­tably, in­come and wealth taxes grew by 15.2 per­cent to 2.3 bil­lion eu­ros in Q1 this year from 2 bil­lion in 2015. So­cial se­cu­rity con­tri­bu­tions came to 6.5 bil­lion from 6.1 bil­lion last year, in a 5.1 per­cent in­crease. At the same time the sum paid for salaries re­mained sta­ble at 5.2 bil­lion eu­ros.

The drop in house­hold in­comes re­sulted in the de­cline of the fi­nal con­sumer ex­pen­di­ture of house­holds in Jan­uary-March this year to 28.9 bil­lion eu­ros, from 29.7 bil­lion in 2015, post­ing a 2.7 per­cent fall.

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