Funds height 2.955 billion euro for 2025 (an additional 1.115 billion euros from this year) have been included in the new budget, in order to finance interventions mainly in the area of ​​increasing available of income and exercise in general social policy and in dealing with it demographic.

According to the budget, the Ministry of National Economy and Finance and the financial staff in general are planning for next year, among others, the following:

  • Reduction from January 1, by one percentage point, of insurance contributions. In particular, this reduction is broken down into a 0.5% reduction in employee contributions and 0.5% in employer health sector contributions, with the annual net cost for 2025 amounting to 440 million. euro.
  • Abolition from 1/1/2025 of the self-employment tax, following the 50% reduction in 2024, at a cost of 113 million. euros for 2024 and 238 million euros for 2025.
  • Permanentization of the return of the EFFK to agricultural oil with a new system based on actual consumption, at a cost of 100 million. euros for 2025.
  • Increase in pensions based on the rate of change of inflation and GDP, at an additional cost of 398 million. euros for 2025.
  • From April 2025, there will be a new increase in the basic salaries of all civil servants, so that the entry salary in the State does not fall short of the level of the minimum wage in the private sector. The gross cost of the new intervention for 2025 is initially estimated at 143 million. Euros approx. However, the final cost depends on the final increase in the minimum wage.
  • From 1/1/2025, the independent taxation of the on-call compensation of ESY doctors with a rate of 22%, at a cost of 40 million. euro.
  • Increase from 1/1/2025 of the compensation for the night employment of uniformed personnel (Hellenic Police – ELAS, Fire Brigade – PS, Coast Guard – Hellenic Coast Guard – LS-ELAKT, Armed Forces), at a cost of 25 million. euro.

At the same time, they have been included in the budget for the new year fiscal and institutional interventions in the context of the wider National Demographic Action Plan.

The following measures are indicated as examples:

  • Increase of the birth allowance from 2,000 euros to 2,400 to 3,500 euros (depending on the number of children) with retroactive effect from 1/1/2023, at a cost of 90 million. euros for 2024 and 45 million euros for 2025.
  • Abolition from 2025 of the health insurance premium tax (15%) for children up to 18 years of age, with an annual cost of 17 million. euro.
  • Establishment from 2025 of a tax exemption for the voluntary benefits of businesses in favor of new parents as well as for benefits related to nurseries, with an annual cost of 6 million. euro.
  • Increase from the new academic year of the student housing allowance for regional Universities by 500 euros, at a cost of 15 million. euros for 2025.
  • Creation of the new program “Marietta Giannakou” in the national branch of APDE, amounting to 250 million euros, with the possibility of attracting additional private funds, to upgrade the country’s school infrastructure.

In addition, from 2025 the interventions are expanded and include, in addition to financial support, incentives for the utilization of empty houses. Specifically, the main interventions consist of:

  1. Creation of a new program “My HOME II”, with a total budget of 2 billion euros, of which 1 billion euros is financed by the loan arm of TAA and 1 billion euros from commercial banks. The interest rate will be reduced by 50% from the current commercial rate, as the amount financed by TAA will be interest-free. The age and income criteria are expanded compared to the first program “My HOME”. The program will cover individuals and couples aged 25 to 50, with an income ranging from 10,000 euros to 20,000 euros for a single person, while for a couple it increases to 28,000 euros with an additional 4,000 euros for each child.
  2. Creation of a new program “I upgrade my House”, with the main purpose of energy improvement of old houses. It is planned to grant a loan of up to 25,000 euros with zero interest and a total budget of 400 million. euros, of which an amount of 300 million euros is financed by the loan arm of TAA and an amount of 100 million. euros from commercial banks.
  3. Exemption for three years from income tax on rental income from properties up to 120 square meters, which will be let out on a long-term lease, while they have been vacant or on a short-term lease for at least three years. The estimated cost for 2025 amounts to 3 million. euros and for the years 2026-2028 to 13 million euros per year.
  4. Doubling the maximum subsidy of the “Renovate-Rent” program from the amount of 4,000 euros to the amount of 8,000 euros, which will cover 60% against 40% of the costs. The program has a budget of 50 million. euros and specifically, 25 million euros for 2024 and 25 million euros for 2025.
  5. Extension until the end of 2025 of the suspension of VAT on new buildings, with the aim of increasing the number of homes available, with an annual cost of 18 million. euro.