EFKA tak­ings on the brink of crum­bling

Kathimerini English - - Focus - ROULA SALOUROU

In view of the clear and present dan­ger that the revenues of the new Sin­gle So­cial Se­cu­rity En­tity (EFKA) will crum­ble due to the ex­ces­sive con­tri­bu­tion-and-tax bur­den on hun­dreds of thou­sands of self­em­ployed pro­fes­sion­als and farm­ers, the La­bor Min­istry is seek­ing a life­line in the revenues of the former So­cial Se­cu­rity Foun­da­tion (IKA) and the So­cial Se­cu­rity Debt Col­lec­tion Cen­ter (KEAO).

The min­istry is pin­ning its hopes on es­ti­mates for tak­ings of more than 1 bil­lion eu­ros from the so­cial se­cu­rity funds’ ex­pired debts, in­creased con­tri­bu­tions from salaried em­ploy­ment and the re­turn to the sys­tem of some 350,000 self-em­ployed pro­fes­sion­als who up un­til to­day have not been pay­ing their con­tri­bu­tions be­cause they didn’t have the money to do so. It is in this con­text that the gov­ern­ment has pro­vided the op­tion of par­tial pay­ment of con­tri­bu­tions and has said it will only im­pose fines on out­stand­ing debts.

Out of the 1.37-bil­lion-euro in­crease in so­cial se­cu­rity con­tri­bu­tions in­cluded in the state bud­get for 2017, the lion’s share is seen com­ing from the con­tri­bu­tions of civil ser­vants that will now be paid into EFKA.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.