Initiatives to increase the disposable income of citizens and tax cuts of 1.5 billion euros are being implemented in 2025, according to a statement by the Ministry of Economy and Finance.
"The boost to the disposable income of workers and pensioners and further tax cuts build on the strongest economic growth in recent years and successes on the front of curbing tax evasion following the general European fiscal framework that sets specific annual limits for spending increases," the same statement said.
In particular, eighteen tax and burden reductions and seven income support measures are being implemented in 2025 that permanently and socially equitably boost citizens' income. These reductions come as a continuation of the significant interventions implemented by the Government since 2019 by eliminating or reducing a total of over 70 taxes.