By Chrysostomos Tsoufis

For the first time in history, Greek taxpayers will know by law what “waits” for them in terms of taxes over a four-year horizon. ND – in the event of its re-election to the government – plans, as revealed by Kyriakos Mitsotakis to have voted by August all the measures of its announcements for the period 2023-2024

The economic bill that will be one of the first that a new government New Republic will bring to vote it will include among others:

-Increase of the tax-free allowance by €1000/child which means relief from €90 for families with 1 child to €220 for households with 2 or more children.
– From 2025, the gradual reduction of the application fee by 20% will begin. In 2026 it will be reduced by an additional 30% and in 2027 it will be a thing of the past as tax evasion is also reduced.
-Also from 2025, the presumptions will begin to decrease with the aim of 30% in a four-year horizon.

Pensioners are provided with:

-Pension increase of 3.4% from New Year 2024 based on budget assumptions for inflation and growth rate. And of course increases every year.
-Pensioners who will not receive increases due to personal difference will continue according to the commitment of Mr. Mitsotakis to receive a personal difference allowance of €200-300 until they reduce it to zero.
-Due to the better-than-expected course of the economy this year, there will be the possibility of granting emergency aid in Christmas 2023 for low-income pensioners according to the model of the accuracy check.
– The exemption of pensioners who received EKAS from their participation in pharmaceutical expenses will be made permanent.

For wages in the private sector it is predicted that the increases in the minimum wage will continue with the target of €950 at the end of the four years. Also then, the goal is for the average salary to have increased by 25% to reach €1500

Furthermore the fall of unemployment below 10% in 2025 according to the forecasts, it will unlock all three years from 2026, while the ND commits to a further reduction of contributions by 1 unit.

Civil servants will also see salary increases of €500 million from the New Year of 2024. The starting salary, child and liability allowances will increase and target bonuses will be implemented.

Of course, every time the famous fiscal space is created, already this year it has been created, the government will provide additional support to households and businesses. Throughout the election campaign, for example, Kyriakos Mitsotakis has linked the better course of the economy to the reduction of indirect taxes.