Mitsotakis unveils €2.2 billion package of measures for 2027

Prime Minister Kyriakos Mitsotakis unveiled a package of measures for the next four years during his speech in Thessaloniki marking the opening of the 90th Thessaloniki International Fair (TIF).

The prime minister announced measures costing €2.2 billion in 2027 and €3.5 billion by 2030, stressing that they would not jeopardise fiscal stability.

“A comprehensive vision for the country’s future”

Mitsotakis said his speech would not simply be a list of measures, but would set out a comprehensive vision for the country’s future, with fully costed interventions mapped out over a four-year timetable.

He described it as a roadmap for 2027 leading towards 2031 and a leap in prosperity for citizens across the country.

“We pursue a policy for the many,” he said, stressing that the government’s aim was for the benefits of strong public finances to return to society as a dividend for every Greek citizen.

Mitsotakis stressed the importance of domestic political stability, saying that his conversations with citizens across Greece had highlighted a dual need: Greece to converge with Europe and the regions to converge with the country’s urban centres.

“One of our new priorities is to ensure that progress in the numbers is reflected in everyday life and that national growth is reflected in the budget of the average household,” he said.

“All Greeks will feel that they have a firm footing in an unstable world,” he added.

“This year we are turning to the most dynamic segments of society and to society as a whole,” he said, referring to self-employed professionals, small and medium-sized businesses, pensioners, public-sector employees, farmers, private-sector workers, families, families with three children, large families and tenants.

The main pillars of the €2.2 billion package for 2027 are:

• Boosting disposable income across society.
• Increasing private and public investment.
• Social policies covering housing, demographics and healthcare.
• Energy self-sufficiency and lower electricity costs.
• Zero tax for farmers on income up to €20,000
• Mitsotakis announced that professional farmers with annual income of up to €20,000 will pay zero income tax.

For livestock farmers, he said a comprehensive framework for the full recovery of the sector would soon be introduced, providing lasting protection against animal diseases.

Annual support for pensioners raised to €400

For pensioners, the prime minister announced that the annual November payment would be extended to everyone aged over 65 and increased to €400 from €300 currently.

€500 Christmas bonus for public-sector employees
Public-sector employees will receive a €500 Christmas bonus from December 2027, which will also count towards their pension entitlements.

Mitsotakis also announced further wage increases linked to the rise in the minimum wage.

Minimum wage target of €1,000 by January 2028

The prime minister said the minimum wage would exceed the €950 target in 2027, with the government aiming to raise it to €1,000 by January 2028.

For private-sector employees, he announced a further 0.5 percentage-point reduction in employee social security contributions from April 2027.

“Savings account for the next generation”
Mitsotakis announced the creation of a “savings account for the next generation”.

Parents will be able to open an account during the first two years after a child is born, with the state matching the amount deposited by the parent, up to €1,200.

“We are creating a locked savings account for the next generation. This means that if parents choose to save €100 a month, a child could have more than €60,000 after 18 years as a foundation for starting adult life,” he said.

Zero income tax for families with three children
Families with three children will pay no income tax on income of up to €20,000 from the 2027 tax year.

For large families, he announced a €1,000 increase in the birth allowance for each additional child. The measure applies to births from January 2026 onwards.

New “My Home” programme

The prime minister announced “My Home 3”, a €2 billion programme through the Hellenic Development Bank.

He said 40,000 new couples would be able to acquire a home under the scheme, with monthly instalments lower than the rent for a comparable property.

Higher property transfer tax for non-EU buyers

The property transfer tax for home purchases by non-EU citizens will rise from 3% to 15%.

ENFIA abolished in settlements with up to 2,000 residents
The government will abolish the ENFIA property tax in settlements with up to 2,000 residents, up from the current threshold of 1,500, from 2027.

In Western Macedonia, the threshold will rise to 2,200 residents from 1,700.

Electricity prices to fall by 30%

On electricity prices, Mitsotakis said the government’s goal was to gradually reduce them by 30% over the next three years.

He also announced that regulated public service obligation (PSO) charges on household electricity bills would be cut by 50% from January 2027.

• €1.5 billion for SMEs
• For businesses, the prime minister announced the transfer of €1.5 billion from the Recovery and Resilience Facility to the Hellenic Development Bank to support small and medium-sized enterprises:
• €1.1 billion in lending.
• €400 million in guarantees.

Implementation timetable

“The programme presented costs €2.2 billion through 2027. We are operating within the limits of the existing fiscal space,” Mitsotakis said.

He stressed that the measures demonstrated how difficult it was to support household incomes without jeopardising fiscal stability.

“Excess spending above the ceilings set by the EU automatically leads to European supervision,” he said, describing the fiscal framework as a test of realism and seriousness and “a passport to credibility”.

“Last year we implemented 100% of the measures announced. The same will happen this year,” he said, adding that the plan formed part of a “calendar of returns”.

Προτιμώμενη πηγή στην Google

Για να εμφανίζονται περισσότερα άρθρα της Ναυτεμπορικής στις αναζητήσεις σας εύκολα και γρήγορα, πρέπει να προσθέσετε το site στις προτιμώμενες πηγές σας. Μπορείτε να το κάνετε πηγαίνοντας εδώ.