The specifics of the new package of economic support measures for society announced earlier by Prime Minister, Kyriakos Mitsotakis.
Live the detail of the new measures: €300 support for pensioners every November
The specification of the new package of measures for the economic support of society announced earlier by Prime Minister Kyriakos Mitsotakis.
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This follows the announcement of a primary surplus above the 2025 target, which allows for additional fiscal interventions.
The measures announced by the Prime Minister are being specified by the Minister of National Economy and Finance Kyriakos Pierrakakis, Deputy Ministers Thanos Petralias and Giorgos Kotsiras and Giorgos Kotsiras and the Secretary General of the Financial Sector and Private Debt Management, Théoni Alambasi.
Kyriakos Pierrakakis first referred to the option of returning €500 million from the surplus back to society. The surplus, he said, is not the result of a conjuncture or over-taxation, but of “deep structural change”, noting that only 10% comes from indirect taxes.
According to the minister, the outperformance is linked to the growth of the economy, the reduction of unemployment, the increase in investment, the intensification of the fight against tax evasion, the digitisation of transactions, and the enhancement of tax compliance through the digital job card.
“Balanced policy mix”
He presented the government’s dilemma between one-off interventions or permanent boost to citizens’ income, stressing that a “balanced policy mix” had been chosen.
Kyriakos Pierrakakis said the package of eight measures announced by the prime minister was structured along three axes: Supporting income, easing the cost of living and tackling private debt.
He also referred to European rules on interventions in the energy crisis, noting that these should be “targeted, parameterized and temporary”, in line with the European Commission’s guidelines.
Special emphasis was placed on the private debt aspect, with the minister referring to the need for a “second chance” for citizens and businesses trapped in old debts.
In this context, it was noted that the aid to pensioners given every November is being increased from 250 euros to 300 euros, while the criteria are being broadened. And the emergency aid to families with children, of 150 euros per child, will be given without any application at the end of June.
