Greek Government spokesperson Stephanos  Stephanou said that during period of 2011-2014 the total amount of 923 million euros will be earned from increasing revenue and reducing expenditure.

The new revenue plan is based on a expenses: revenue ratio of 3:1. The unusual contribution of civil servants with a monthly income of up to 2.5 thousand euros is being finished.There is planning to increase the tax from 17% to 20%, the revision of taxation on fixed property and incorporating all relevant taxes.

Stephanou said that Cyprus is not facing any major financial difficulty as it got the loan of 2.5 billion euros from Russia.