Both the EDEK and the Movement of Ecologists for Citizens' Cooperation call for a reduction of VAT on basic consumer products and, where possible, a subsidy of their price.
In their statements today, the two parties re-submit their proposals for dealing with the phenomenon of price rises.
These are their statements:
EPP: immediate measures
The Cypriot economy is experiencing the consequences of the wave of price rises resulting from the war in Ukraine. On the occasion of the forthcoming meeting at the Presidential Palace next Friday, we re-submit our proposals and call on the government to study them and make use of them:
- Reduction of VAT on basic consumer goods and, where possible, subsidizing their price.
- Reduction of VAT on basic consumer goods and, where possible, subsidizing their price.
- VAT to be levied only on the consumption of electricity and not on the total bill charges.
- Significantly reduce VAT on electricity as is the case in other EU countries.
- Significantly reduce VAT on electricity as is the case in other EU countries.
- Financing the reduction of the electricity price as a measure to support citizens and small and medium-sized enterprises.
- Extending the schemes for granting the installation of photovoltaic systems to households and businesses.
- Given that the state loses about 120 million euros a year from the illegal supply of fuel to the occupied territories, the government should increase controls and penalties in order to prevent this phenomenon and use this money to subsidise (and reduce) the price of electricity and/or fuel.
Suspension of VAT on food and measures to deal with the phenomenon of poverty are also called for by the Ecologists
In the last few months after the Russian invasion of Ukraine we have seen the prices of fuel, electricity and basic foodstuffs have skyrocketed, with inflation reaching 8%, increasingly affecting households and our fellow citizens.
Unfortunately, inflation will continue to be the main problem of the season, which is why, as the Movement of Ecologists - Citizens' Co-operation, we call for the immediate suspension of VAT on food, while we propose that the state immediately develop strategies and implement actions along four main axes:
- Changes in policies that will lead to a reduction in household expenses
- Public awareness and education for proper energy behaviour of tenants
- Increasing the energy efficiency of buildings through financing programmes and assistance to low-income families
- Utilisation of renewable energy sources.
People are suffering and there is no more room for delay. We expect the government to take the necessary measures to address this phenomenon in view of the upcoming Cabinet meeting on the issue.
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