The Greek government has approved a draft bill on the introduction of a new tax on real estate to reduce the budget deficit in 2011, to meet the requirements of international lenders and receive regular financial support, reports Reuters . According to the Minister of Finance Evangelos Venizelos, the introduction of property tax will bring in the state treasury ˆ 2 billion per year, which will reduce the budget deficit to 8.1% this year. It was also made amid growing fears that Greece should leave the euro zone due to the unstable financial system. The tax will be levied through electricity bills, citizens have to pay an average of 4 euros per square meter. meter of housing. The amount of tax will vary from 0.5 to 10 euros per square meter. m depending on the area. The tax will be valid the next two years. The proposal on the introduction of the tax will be officially handed over to the Parliament in the forthcoming budget hearing on 3 October and the vote on the procedure of its adoption is expected at the end of next month. Before approving the administration tranche of $ 8 billion. Euro out of a total program of 110 billion euros, the inspectors of the European Union and International Monetary Fund have come to Athens to find out how the Greek government plans to eliminate the delay and reimburse nevypolennye financial targets in the budget. Inspectors repeatedly told the Greek authorities to avoid tax measures that hinder the country's economy, and to pay more attention to structural reforms and cost reductions, including reduction of large and inefficient public sector. Also, inspectors insist on urgent action for the closure of a number of public institutions and reduce the number of civil servants. Recall that now the natural and legal persons pay a single annual tax on real estate (Etak) , the rate is for individuals - 0.1% (but not less than 1 euro per 1 sq. M), for organizations - to 0.6%. HomesOverseas.ru