In April, it is expected to lock the new package of tax cuts announced by the Treasury. These are mitigations that will mainly concern middle -class income from the tax scale and living presumptions.

The Commission and ELSTAT, on the third ten days of April, are expected to certify at the same time the definitive data on the implementation of the 2024 budget while proceeding with the first secure estimates of this year’s budget. These estimates will result in the budgetary margins that will determine the range of government interventions.

Finance Minister Kostis Hatzidakis has already announced that the 2024 primary surplus will reach 3% of GDP levels, significantly exceeding the budget for a 2.5% of GDP surplus. This prospect is confirmed by the budget execution data in December that showed that the primary surplus in 2024 amounted to € 8,629 billion against a target of € 4,635 billion. When these figures are certified by the Commission and ELSTAT, the road to the announcements of the Ministry of Finance will be reached in force in 2026, without excluding positive surprises for taxpayers this year.

The finance minister recently emphasized that additional fiscal revenue from tax evasion have resulted in a 2024 primary surplus of close to 3% and for the first time zero total budget deficit. This proceeds “will return to society with new tax cuts that will be announced this year” he said characteristically, adding that this year “it will be a year with significant tax cuts for the middle class”. These will concern direct taxation.

The revenue of revenue last year is due to the strong growth of the Greek economy, on the other hand, to the particularly positive results from the digitization measures of controls and expansion of electronic transactions received in 2024 and are expanding this year. According to the latest Treasury figures, the additional revenue from tax evasion for 2024 are expected to reach 2 billion euros against initial estimates for 1.8 billion euros, a performance that has not been re -achieved in the Greek economy over the past 50 years . It is not excluded that definitive evidence shows even higher performance. This year it is estimated that revenue from this category will reach € 1.2 billion.

On the basis of these positive developments already in the Ministry of Finance, they are planning the next moves on the front of direct tax cuts. It is assumed that the largest intervention will concern the tax scale with changes and the ranks and reductions that will focus on middle income and will benefit the lower levels of income. The Ministry of Finance is also considering reducing 30% of living evidence and other interventions in the way they are applied to correct injustices and distortions today.