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: fiscal discipline
Greece's 2025 budget will focus on supporting vulnerable groups, maintaining fiscal discipline, and continuing tax cuts. As the government finalizes key decisions, balancing economic priorities with new EU fiscal rules will be crucial. Prime Minister Kyriakos Mitsotakis is set to announce the main economic policies at the Thessaloniki International Fair in September, while the Finance Ministry plans additional support for pensioners and reductions in social security contributions.
Greece is preparing its 2025 state budget with a focus on €880 million in relief measures. The budget will include new pension increases, reduced social security contributions, and the abolition of the business levy, among other measures. With a primary expenditure cap of €115 billion and a target primary surplus of 2.1% of GDP, Greece aims to balance fiscal discipline with social policy needs.