The Greek state budget achieved a €4.6 billion primary surplus in the first half of 2025, driven by a €2.32 billion (7.8%) increase in tax revenues, exceeding targets. Early personal income tax collection and strong VAT and excise duty performance bolstered the budget, creating favorable conditions for planned tax reductions. Despite a €416 million deficit, the results significantly outperformed projections, supporting economic stability and policy initiatives.
Tag: Public Investment Program
Prime Minister Kyriakos Mitsotakis chaired a meeting to launch the €250 million “Marietta Giannakou” school renovation program, focusing on upgrading bathrooms, sports facilities, and essential repairs. The project, set to begin in 2025, will be led by public agency Ktiriakes Ypodomes, with potential budget increases through donations.
During a recent press conference, Mayor Alexis Kalokairinos announced that Heraklion Municipality, the capital and largest city of the island of Crete in Greece, is set to take a 27 million euro loan to address its financial shortfall for the year 2024.
