These are the measures until 2018!

Spending cuts and strict austerity in public brings, according to reports, the Medium Term Budgetary Strategy which expected to be brought in the next hours by Ministry of Finance in the House.

The new framework will include all actions that commit Greece to creditors until 2018. The country will continually bring such informal budgets, as will be revised annually.

The unspecified measures

The text that the finance ministry is working until the last minute is expected to highlight the so called "unspecified measures" at least for the years 2015-16. These "unknown" measures will acquire an ... identity in 2015.

Government and Troika are at a distance controversy for a number of issues that will determine whether we will be suffered new measures or not. These are listed in the EC report that released a few days ago.

The EU provides for the 2015 a fiscal hole of 2 billion and 5.5 billion funding gap. The government does not accept these amounts. Also, estimates that by 2017 Greece will have to face budget gaps of 7.9 billion (2 billion for 2015, 3.8 billion in 2016 and 1.9 billion in 2017).

Indirect taxes are the "salvation"!

The Medium Term will "indicate" how the budget will be formatted in the coming years. Reportedly, new - direct - measures may not exist, but will rely on indirect taxes which will increase by 2.6 billion by 2015. Namely, the excise duty on fuels, beverages, VAT etc. will bring more revenue to the state, but at the same time the

Treasury will not name them as "new measures". What it will do is just to change … rates and to increase the number of taxpayers who will pay.

In the report of the European Commission, there is an entire "tribute" to VAT and on how will be collected.

The "cheese" in the whole case will be a reduction in tax rates, in high places, if the proceeds reach their goals!

Troika, however, makes plans about the VAT on islands. For over three years, there is a report that provides for the abolition of the reduced VAT on Greek islands, under Troika’s demands. Lenders insist that this will increase revenues, but without taking under consideration the consequences.

"Austerity" in the public sector

The new Medium Term is expected to include austerity in public sector, since any carrier, ministry etc that gets money from the state, will suffer a "haircut". The state expenditure will be reduced by 5.5 billion Euros, i.e. as much as is the funding gap of 2015.