A critical element of the report, which will be submitted every April, is to determine the ceilings
The Government is submitting to the Commission today in the context of the new rules of the stability pact.
A critical element of the report, which will be submitted to the EU in the EU, is to determine the ceilings of primary spending as set out by the Stability Pact.
For Greece, this limit is set at 3.6% of GDP this year, with the margin of “playing” slightly due to the highest primary surplus expected for 2025, as well as the additional tax revenue from tax evasion.
Preceded yesterday and submitting the request for the Activation of Defense Expenditure Awestern spending clauseclaiming their exemption from calculating the deficit.
The final decision of the Commission is expected in July, after the relevant recommendations in mid -June are preceded. According to the Minister of National Economy, Kyriakos Pierrakakis, only for 2026 the clause creates fiscal space EUR 600 million. Within this context, the Taxation that the Prime Minister will announce to the TIF In September.
In the “core” of the package there are reductions in tax rates for the middle class, reliefs for property owners – with a reduction or even abolition of ENFIA in the first residence – interventions on the rental scale and “haircut” in living presumptions and insurance contributions.
Financial staff executives point out that evaluated the available resources will be done in the coming months, when there is a safer picture of the performance of the tax collecting mechanism and the course of the budget. It is estimated that the “package” may exceed even 2 billion euros.
According to the progress report, the Greek economy will continue to grow in 2026, at a rate of close to 2%, from 2.3% in 2025. The recovery fund will play a catalyst, from which funds are expected over € 6 billion through grants and loans.
The primary surplus is projected to increase by 3% of GDP, compared to 2.4%, which is the budget target. However, the report does not overlook external dangers.
The US -EU trade war, geopolitical tensions in the Middle East and the risk of natural disasters may “brake” the dynamics of growth and cause strong inflationary pressures, slowing the expected relaxation of monetary policy. On the contrary, if the benefits of upgrading credit rating, interest rates and tourist revenue overcome estimates, then the economy can achieve higher growth performance.
Source: Skai
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