Time counts in reverse to finalize the package of tax relief and the interventions for the housing that will be announced by Prime Minister Kyriakos Mitsotakis at the beginning of September at the TIF.
Within the next 20 days the government will make decisions on the relief to the middle class and lower incomeaid to economically vulnerable groups as well as for housing policy measures.
These are key economic policy measures that will be integrated into the budget of 2026 whose draft will be submitted to Parliament on October 6 and the new medium-term structural plan 2026-2029 to be submitted by the government in Brussels.
The strong growth of the Greek economy, the increase in revenue Due to the measures to combat tax evasion and the escape clause for them defensive costs have been “locked” for 2026 Fiscal space of 1.5 billion euroswhich will be used to cover the cost of the TIF package. This will reportedly include reductions in the tax rates focusing on the middle income, interventions to support families with children and the treatment of the housing crisis.
Among the measures being considered is the Reduce the tax rate for rents Along with the incentives to the owners in order to dispose of houses that remain closed and intensify the housing problem.
In the new medium-term structural plan 2026-2029 the ceilings of public spending for the following years. This is the annual increase in net primary expenditure already set at 3.6% for 2026, 3.1% for 2027 and 3% for 2028. In Brussels consultations are expected to finalize their corresponding growth rate for 2029. the average of the eurozone. It is recalled that this year the growth rate of the Greek economy is estimated at 2.3%.
At the same time it will be foreseen that Greece will remain in the coming years in orbit of achievement of high primary surpluses. It is noted that this year, the primary budget surplus is expected to exceed the original target of 2.4% of GDP with estimates raising it to 3.5%. This is a significant goal for the second consecutive year as in 2024 it jumped to 4.8% of GDP.
The forecasts for developmentfor primary surpluses and debt will be the powerful ”papers“Her Greek economy in the following yearsthroughout the period of the new revised medium -term structural plan. In terms of growth, it is estimated that the positive impact of the projects of the Development Fund will continue to continue, which is expected to contribute to the positive effects of the three new European environmental funds of € 8 billion in which Greece joined as well as the increase in the national part of the public investment program.
The prediction for maintaining high primary surpluses is based on both development potential, on the other hand on the permanent budget revenue from tax evasion measures. Public debt will provide further declining it with the aim of 2028 Greece is not the country with the highest debt in the EU as a percentage of GDP.
Source: Skai
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