Greek PM Announces Relief Package as Budget Surplus Hits 4.9% GDP

Greek PM Kyriakos Mitsotakis announced a bundle of 8 alleviation measures connected Wednesday, aimed astatine returning the fruits of Greece’s fiscal surplus to households astir affected by rising prices, with a absorption connected vigor costs, income support, and backstage indebtedness relief.

The announcement followed the merchandise of information by the Hellenic Statistical Authority (ELSTAT), showing that Greece’s superior surplus reached €12.13 cardinal successful 2025, equivalent to 4.9 percent of GDP, up from €11.41 billion, oregon 4.8 percent of GDP, successful 2024.

Mitsotakis said the measures target 5 groups that carnivore the heaviest load from terms increases: families with children, renters, pensioners, farmers, and households with excessive debt.

A diesel substance subsidy of 20 euro cents per liter astatine the pump will beryllium extended done May, providing alleviation to some businesses and consumers.

A fertilizer subsidy covering 15 percent of the acquisition invoice value will proceed done August, perchance benefiting astir 250,000 farmers arsenic well arsenic ineligible entities progressive successful the superior sector.

An exigency outgo of €150 per kid will beryllium made to families with children, disbursed automatically — without requiring an exertion — astatine the extremity of June. The measurement will scope astir 1 cardinal households comprising much than three cardinal members, covering astir 80 percent of families with babelike children.

A imperishable yearly support outgo for low-income pensioners, uninsured aged individuals, and radical with disabilities, paid each November, will beryllium raised to a nett €300, while its eligibility criteria will beryllium broadened to screen 1.9 cardinal beneficiaries — 85 percent of each pensioners implicit the property of 65.

Income thresholds for the yearly rent rebate strategy will beryllium raised, extending the payment to an further 70,000 households and bringing total sum to much than 1 cardinal renters, oregon 86 percent of each renters nationwide.

Finally, slope relationship seizures against debtors will beryllium eligible for lifting erstwhile 25 percent of the outstanding indebtedness has been repaid and remaining obligations to the tax authorization person been restructured.

Source: to vima.com