Prime Minister Kyriakos Mitsotakis outlined five key points in the budget recently submitted to Parliament in a social media post.
First, it includes 12 wage increases and 12 tax cuts, aimed at closing the income gap between Greece and other European countries.
Second, it further reduces public debt by nearly 5 percentage points of GDP, boosting Greece’s international credibility and easing the burden on future generations.
Third, it strengthens and makes the Greek economy more resilient by focusing on increasing exports of Greek products and reducing imports.
Fourth, it addresses the investment gap caused by the economic crisis, more than doubling public investments in health, education, security, and civil protection compared to 2019.
Fifth, Mitsotakis noted that these initiatives are being implemented within a framework of fiscal stability and responsibility, at a time when other strong European economies are either in recession or facing excessive deficits.