Greece’s government on Monday detailed a broad package of tax cuts, wage increases and housing and investment measures announced by Prime Minister Kyriakos Mitsotakis over the weekend, saying the measures would boost household incomes while preserving fiscal stability.
Finance Minister Kyriakos Pierrakakis, Deputy Finance Minister Nikos Papathanasis and Deputy Finance Ministers Thanos Petralias and Dimitris Markopoulos outlined measures affecting freelancers, farmers, pensioners, public- and private-sector workers, families, businesses, property owners and renters.
The package has four main priorities: increasing disposable income, boosting private and public investment, strengthening social policies focused on housing, demographics and health, and reducing energy costs while increasing energy independence.
“In many major economies, the discussion is the opposite of what we will have: where spending will be cut,” Pierrakakis said. “In Greece, we have created the conditions for a different discussion: how we can use the momentum the economy has developed to strengthen production and families without putting fiscal stability at risk.”
The government said it aims for the average wage to reach 1,800 euros by 2030, annual economic growth to remain above 2% and investment to increase by more than 20%.
