Greek PM unveils plan to boost incomes ahead of elections
The package includes pension increases, a new minimum wage rise and relief for self-employed workers as support slips below 30%, officials said.
- On Saturday, Greek Prime Minister Kyriakos Mitsotakis unveiled a package exceeding €2 billion to boost incomes, including pension increases, wage hikes, and tax breaks for small businesses and farmers ahead of next year's election.
- Stronger economic growth and a projected 4% budget surplus provided fiscal space for the relief measures, as the government seeks to address voter dissatisfaction amid a protracted cost-of-living crisis.
- Included are annual bonuses of €400 for pensioners and €500 for public servants, while the minimum wage rises to €950, with further increases to €1,000 in 2028 and a 0.5% pension contribution cut.
- Addressing rural discontent, the government introduced specific tax breaks for farmers and small businesses to stabilize sectors hit by high energy costs and a farm aid fraud scandal that drew European fines.
- Labor unions planned demonstrations in Thessaloniki for Saturday evening, demanding further wage increases as Mitsotakis seeks to sustain income growth and recover political support ahead of next year's elections.
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The creation of a savings “piggy bank” for the new generation, in which the state will participate by putting in whatever money the parents deposit, was announced by Kyriakos Mitsotakis at the 90th TIF. The design, the similarities with the so-called “Trump Accounts” and the main objection. The post TIF 2026: Mitsotakis’ “piggy bank” and the similarities with the “Trump Accounts” appeared first on in.gr.
Yesterday evening, Greek Prime Minister Curiacus Mitsotakis announced a new package of tax assistance and exemptions of 2.2 billion euros for 2027, prior to the legislative elections scheduled for the spring of next year.
GREEK Prime Minister Kyriakos Mitsotakis announced on Saturday income tax cuts and wage increases for workers, pensioners and the self-employed as part of a billion-euro tax reform ahead of elections next year.
Mitsotakis has announced far-reaching tax reliefs and wage increases.
Mitsotakis announces tax cuts, special payments and minimum wage increase by 2028
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