PM announces €500 million relief package funded by budget surplus

Prime Minister Kyriakos Mitsotakis connected Wednesday announced a €500 cardinal bundle of support measures funded by a larger-than-expected fund surplus, arsenic the authorities seeks to easiness unit connected households facing precocious surviving costs.

The announcement came aft the Hellenic Statistical Authority (ELSTAT) reported that Greece recorded a superior fund surplus of €12.13 cardinal successful 2025, equivalent to astir 4.9% of gross home product. The fig gives the authorities further fiscal space for targeted alleviation measures.

Mitsotakis described the fiscal results arsenic “very encouraging” but acknowledged that planetary economical conditions proceed to strain household budgets.

“The nationalist system is holding up and doing amended than expected,” helium said. “However, the anxiousness of the supermarket, the outgo of raising children, higher substance prices, and the attraction of the aged stay – everyplace successful Europe and successful our state arsenic well.”

He added that “every corporate success indispensable gradually translate into idiosyncratic prosperity,” calling the caller bundle a “dividend of advancement returned by the state to society.”

The measures see the hold of diesel substance subsidies astatine 20 cents per liter for May and the continuation of fertilizer subsidies done August, covering 15% of acquisition costs.

Families with children will person a €150 per kid exigency allowance astatine the extremity of June, paid automatically without application. The measurement will screen astir 1 cardinal households, representing astir 80% of families with children.

Support for vulnerable groups is besides being increased. Low-income pensioners, uninsured aged citizens, and radical with disabilities will person €300 annually, paid each November connected a imperishable basis. The programme will beryllium expanded to 1.9 cardinal beneficiaries, oregon 85% of pensioners implicit 65.

Other measures see higher income thresholds for rent refunds, easing conditions for lifting slope relationship seizures erstwhile 25% of a indebtedness has been repaid, and expanding eligibility for the out-of-court indebtedness colony mechanics to debts betwixt €5,000 and €10,000, affecting an estimated 300,000 people.

Debts overdue until December 2023 will besides beryllium eligible for repayment successful up to 72 installments, provided newer debts are settled oregon arranged.

“This is simply a surplus that resulted from prudent economical policy,” Mitsotakis said, citing reduced nationalist spending, anti-tax evasion efforts, and measures to support maturation while lowering taxes and nationalist debt.

He stressed that the interventions are designed to support fiscal stability. “These interventions are addressed to the many, without ever questioning fiscal balance,” helium said, adding they service arsenic a “shield” against ongoing economical pressures.