The Greek Parliament has approved the 2025 state budget, projecting a 2.3% GDP growth for the year. Prime Minister Kyriakos Mitsotakis emphasized fiscal discipline as key to maintaining economic stability. New banking sector reforms include eliminating commission fees for utility payments and fostering greater competition to benefit consumers.
Tag: 2025 state budget
The debate on Greece’s 2025 state budget begins today in Parliament, set to conclude with a vote on Sunday evening. This year’s discussions unfold in a changed political landscape, with PASOK returning as the second-largest party after over a decade. The government is promoting the budget as a plan to boost incomes through tax cuts and economic reforms, while opposition parties are expected to challenge key aspects, including defense spending. The debate also takes place amid ongoing crises in military hospitals and allegations of corruption in urban planning authorities.
Greece's Cabinet, chaired by Prime Minister Kyriakos Mitsotakis, approved the 2025 State Budget, highlighting a combination of tax cuts and salary increases. The budget forecasts strong economic growth, with Greece's rates significantly outpacing those of the EU. Key measures also include continued pro-investment policies and planned railway reforms.
Prime Minister Kyriakos Mitsotakis, speaking in Nafplio, called for urgent action to bridge Greece’s economic gap with Europe while addressing regional inequalities. At a local development event, he emphasised “double convergence”—ensuring equal opportunities for all Greek citizens, from major cities to rural villages. Mitsotakis highlighted key priorities, including water resource management, support for farmers, and solutions to housing and demographic challenges, while reaffirming his government’s commitment to tax reductions and economic growth.