The 2024 draft budget was submitted to Parliament, incorporating all the voted measures, which bring increasing the salaries of civil servants, lifting the three-year freeze on employees, increase in the tax-free allowance for families with children, increasing the minimum guaranteed income, increase in pensions againbut also investment resources amounting to 12.1 billion euros through the Public Investment Program (8.5 billion euros) and the Recovery and Resilience Fund (3.6 billion euros), which are expected to flow into the economy within 2024.

The draft budget foresees a jump in GDP to 235 billion euros with a debt reduction to 152% of GDP in 2024, when a primary surplus of 2.1% of GDP, a growth rate of 3%, a de-escalation of average inflation to 2.4% and unemployment down to 10.6%.

Interventions in 2023

  • Market Pass: The first payments for the emergency aid to the beneficiaries for the months of August, September and October began already on Friday. Those affected in Thessaly and Evros will also receive an allowance for the months of November and December, which will be double.
  • Agricultural oil: Farmers to collect Excise Duty refund for 2023.
  • Youth Pass: Around 200,000 young men and women aged 18 and 19 will receive the 150 euro allowance.
  • Personal difference allowance: It will be granted once to 750,000 pensioners of all funds with a personal difference of more than 10 euros, an extraordinary allowance of 100 to 200 euros will be paid depending on the amount of pensionable earnings.
  • Minimum guaranteed income: The amount that 225,000 vulnerable households will receive is adjusted by 8%. The new increased amounts will range from 216 to 432 euros.
  • Heating allowance: The payment of the aid will start from 100 – 1,000 euros to households that meet the income and property criteria.

Interventions in 2024

  • Increases for civil servants: After 14 years 660,000 civil servants will receive from 1 January 2024 increases ranging from 6.5% to 10.5% on average in their basic salaries and allowances of position of responsibility while hundreds of thousands of civil servants with children they will receive additional increases due to the increase in family allowances. Thus each civil servant will receive an additional 1,292 euros gross or 800 euros net per year. If the abolition of the special solidarity levy, the 1% levy in favor of the Public Employees’ Welfare Fund, the increase in the tax-free allowance for each child and other interventions are taken into account, then the average annual benefit per employee rises to 2,084 euros gross or 1,476 euros net.
  • Increases for pensioners: About 1.8 million pensioners without a personal difference or with a personal difference of less than 10 euros will see increases of at least 3% in their monthly earnings.
  • Increase in special allowances: For freelancers and farmers the maternity allowance from 4 months will be set to 9 months and at the level of the minimum wage from 150 to 200 euros which is today.
  • Increase in the tax-free limit: It increases by 1,000 euros and concerns approximately 1.3 million employees and pensioners with children. The relief on an annual basis ranges from 90 euros to 220 euros depending on the number of children, while the main profession of farmers will also have a corresponding reduction, but this will be seen in the statement they will receive in 2025 after submitting the tax return for their income 2024.
  • ENFIA: 10% discount on the 2024 ENFIA, for more than 1 million natural persons who have insured their residence against natural disasters (fire, earthquake, floods).
  • Free medicines: The exemption of former E.K.A.S. beneficiaries is made permanent. from their participation in the pharmaceutical expenditure.
  • Capital market: The fund raising tax is reduced from 0.5% to 0.2% and the stock exchange tax is reduced by 50%.