Finance Ministry preparing four-year strategy to be unveiled at TIF

The Ministry of National Economy and Finance is preparing the bundle of measures to beryllium announced astatine the Thessaloniki International Fair (TIF) amid heightened uncertainty.

The measures will beryllium determined based connected the developments successful the Middle East and the premix of measures that whitethorn request to beryllium extended oregon introduced within the year, peculiarly successful narration to vigor and inflation. Following the implementation of a bid of tax alleviation measures astatine the opening of the year and two support packages totaling 800 cardinal euros aimed astatine addressing inflationary pressures successful nutrient and energy, the authorities is present focusing connected shaping a caller bundle of measures targeting employees, businesses, self-employed professionals and spot owners.

Referring to the past TIF earlier the elections, Minister of National Economy and Finance Kyriakos Pierrakakis precocious stated successful an interrogation that the premier minister’s announcements “will, successful some way, lucifer what you saw past year,” placing peculiar accent connected those astir successful need.

The government’s economical team is already alert that, based connected existent data, the fiscal space for 2027 amounts to 1 cardinal euros. “Therefore, we cognize what we want to do, and the announcements to beryllium made by Kyriakos Mitsotakis astatine the TIF will not simply beryllium aimed astatine the adjacent elections. They will chiefly look toward the adjacent 4 years — but, I would say, toward the adjacent generation,” helium noted. However, the last magnitude will beryllium determined person to September and the premier minister’s announcements, arsenic according to reports the absorption will beryllium connected improving citizens’ mundane lives done imperishable measures. “As a government, we bash not want to absorption connected the abbreviated term… Last year arsenic well, when we achieved a better-than-expected surplus, we chiefly chose to follow imperishable measures,” Pierrakakis added.

Measures under consideration

Discussions presently see imperishable tax cuts for businesses and individuals, reducing the tax load connected labour and further strengthening disposable income. Reducing beforehand tax payments for businesses, abolishing the concern levy for ineligible entities and further lowering κοινωνικά information contributions are among the measures included connected the economical team’s agenda.

In addition, further initiatives are being examined, such arsenic reducing taxation connected rental income, adjusting the presumed income criteria applied to self-employed professionals, arsenic well arsenic introducing different simplification successful employers’ κοινωνικά information contributions successful 2027, greater than the fractional percent constituent already announced.

Based connected the revised forecasts of the economical team regarding ostentation and maturation successful 2026, pensions are expected to summation by 2.6% arsenic of January 1, 2027. Furthermore, the “personal difference” mechanics successful pensions will beryllium afloat abolished successful 2027, resulting successful astir 500,000 pensioners receiving the afloat percent summation for the archetypal time.

Within the week, the draught instrumentality aimed astatine tackling amerciable gambling is expected to beryllium released for nationalist consultation. It will besides see a supplementary fund of 800 cardinal euros, arsenic well arsenic astir of the bonzer and imperishable support measures already announced, such as:

• a 150-euro allowance for each child, with expanded income criteria;
• an enlargement of the beneficiaries eligible for the yearly rent refund, arsenic well arsenic the instauration of a two-rent reimbursement for nationalist assemblage employees serving distant from their spot of residence — including doctors, teachers and nurses;
• a prohibition connected caller short-term rental licenses, such arsenic Airbnb-type rentals, successful cardinal Thessaloniki;
• an summation successful the imperishable pensioners’ allowance from 250 to 300 euros, to beryllium paid adjacent November. This measurement will besides use to widows from the property of 60 alternatively of 65, which presently applies to different beneficiaries.

The aforesaid draught instrumentality will besides see the inclusion of young farmers successful a special energy tariff scheme, reducing their vigor costs, arsenic well arsenic the taxation of online betting companies, from which the state is expected to make stable yearly revenues of astir 100 cardinal euros.