The Council of Ministers is expected to approve a special tax increase on alcohol and tobacco during today’s meeting as well as outline spending limits for 2014, support and encourage entrepreneurship, approve electronic invoicing and provide yet more funds for local authorities to pay outstanding debts to suppliers.
The setting of the spending limits is one of the first steps in the preparation of the State Budget 2014, to be presented at the end of September.
The government is looking to support self-employment, encourage internationalisation and promote growth and initiative. The measures are expected to see a reduction of around €2 billion in the tax bills for small and medium businesses.
The government will also approve a new financial plan that includes resolving the outstanding debt of the autonomous regions and municipalities with suppliers.