One in three euro of the state budget or a total of €2.76 billion — will be spent on civil servants’ salaries in 2019, Phileleftheros reported on Wednesday.
It said that the increase from €2.63 billion in 2018 was due to COLA and pay increments.
According to the 2019 state budget submitted to parliament yesterday, personnel will receive an additional €82.97 m of which €338,000 for state officials, €74.25 m for employees and €8.38 million for hourly staff,
Pensions will be up by €26.04 m to total €675.79 m. Social benefits are up €7.6 m to €966.15 m.
Tax revenue is up, with tax revenue from employees rising by 15.22% to €499.50 m , in part because of an improved job market. But the self employed will contribute 20.59% less at €27 m.
An improved business climate will translate into a 7.24% rise in revenue from corporate tax which will total €815 m. The Finance Ministry also anticipates more activity in the property sector with capital gains revenue expected to rise by 7.11% to €149.73 m.
VAT revenue will rise by 3.21% to €2,24 b while revenue from consumer taxes will be up by 3.75% to €691.75 m.