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Finance staff are planning additional interventions with liquidity injections into businesses, professionals and the middle class to fend for themselves.
The focus is on the repayable advance, with data indicating that 50% of cheap government loans received by more than 145,000 businesses through the first three rounds of the repayable advance are considered a gift.
That is, 50% to be a subsidy and not be returned to the state, since it applies to the fourth phase and will apply at least for the fifth cycle, which is expected to open in the first half of January.
The retroactive “write-off” of 50% of government loans granted to companies through the first three repayable advances is one of the measures to improve the liquidity that the market requires from the government.
This possibility has been left open by the Minister of Development, Adonis Georgiadis, stating that “it is a reasonable request not to return a large percentage” for the first three phases of the repayable advance.
In the first three rounds of the repayable advance 3,369 million euros were paid to some 145,000 companies, while in the fourth round 2,160 million euros were distributed among 444,170 freelancers, companies and freelancers.
