By 2.5 billion euros increased compared to 2024, the tax revenues will be for the next year, as foreseen in the 2025 budget, while the expenses appear increased by 4 billion euros.

In particular, the net revenue of the state budget, on a fiscal basis, after the deduction of tax refunds, is predicted to be in the amount of 74.573 billion euros, increased by 3.432 billion euros or 4.8% compared to the estimate of 2024. In particular:

Taxes

Tax revenues are expected to reach EUR 69.203 billion, up by EUR 2.490 billion or 3.7% over 2024, mainly due to the projected expansion of the economy as reflected in the macroeconomic projections. More specifically:

Taxes on goods and services

Revenues from taxes on goods and services are forecast to amount to 38.019 billion euros, increased by 1.609 billion euros or 4.4% compared to 2024. Specifically:

  • VAT revenues are expected to amount to 26.673 billion euros, increased by 1.332 billion euros compared to 2024 and
  • the EFCs are foreseen in the amount of 7.276 billion euros and are increased by 47 million euros compared to 2024.

Taxes and duties on imports

Revenues from taxes and duties on imports are expected to amount to 362 million euros, increased by 18 million euros compared to 2024.

Regular property taxes

Revenues from regular real estate taxes are expected to amount to 2.394 billion euros, reduced by 40 million euros compared to 2024. Part of the change results from the reduction of ENFIA by 20% for owners who will insure their homes with taxable value up to 500,000 euros for natural disasters.

Other taxes on production

From other taxes on production, revenues of 460 million euros are forecast, reduced by 155 million euros compared to the 2024 estimate, mainly due to the abolition of the self-employment tax.

Income tax

Income tax revenues are expected to amount to 25.212 billion euros, increased by 1.009 billion euros or 4.2% compared to 2024. Specifically:

  • personal income tax is projected to be €15.244 billion, up €882 million from 2024, as a result of the projected increase in employee wages and the expected new increase in the minimum wage and
  • corporate income tax is projected to reach €7.972 billion, up €120 million from 2024, despite the balancing of factors that had a fiscal impact on the previous financial year from the Temporary Solidarity Contribution to refining companies.

Capital taxes

Capital taxes are projected to reach 235 million euros, the same as in 2024.

Other current taxes

Revenues from other current taxes are forecast to reach 2.523 billion euros, up by 49 million euros compared to 2024.

Transfers

Revenues from transfers are expected to amount to 8.794 billion euros, increased by 2.206 billion euros compared to 2024, mainly due to the increase, after the ESA adjustment, of the revenues of the public investment budget and specifically the TAA by 1.299 billion euros and the co-financed part by 961 million euros.

Sales of goods and services

From the sales of goods and services, revenues of 965 million euros are forecast, increased by 109 million euros compared to 2024, mainly due to:

  • of the accrued income, amounting to 19 million euros, from the Egnatia Road concession contract, which is registered in the year 2025 and
  • of the accrued income, amounting to 131 million euros, increased by 109 million euros compared to 2024, from the extension of the Attica Road concession contract, which is registered in the year 2025.

Expenditures on a fiscal basis

The total expenditure of the state budget for the year 2025 is predicted to be 80.502 billion euros, increased by 4.001 billion euros in relation to the corresponding estimate for the year 2024, mainly due to the acceleration of the projects financed by the TAA, the increased physical receipts of weapons systems of the Ministry of National Defence, covering through a grant the loss of EOPYY revenue due to the reduction in insurance contributions, the increase in the salaries of civil servants and due to the increased transfers to strengthen the operation of the ESY hospitals.

Employee benefits

Expenditures in this category are expected to amount to 14.790 billion euros, including the reduction of employer contributions from 01.01.2025, taking into account the departures and without, however, taking into account the cost of new hires as well as salary increases from 01.4 .2025, which are included in the appropriations under allocation with a total projected cost for the Central Administration of 650 million euros.