Kostis Hatzidakis, the Minister of National Economy and Finance, presented the new measures announced at the TIF, which have as their main axes 12 new salary increases and 12 new tax cuts.

"It was clear from Prime Minister Kyriakos Mitsotakis' statement that, as is required and as is always the case, the government's economic policy is being updated, keeping the same general direction by combining fiscal seriousness with a pro-investment approach, which is the foundation for the economy to move forward," said Minister of National Economy and Finance, Kostis Hatzidakis.

"We are steadily continuing to exceed our fiscal targets. We have increased funds for public investment. Increase in tax revenues, without tax increases," he also noted.

As the finance minister said, the increase in primary spending may reach 3.5 billion euros, including the new measures. He added that €1 billion will be allocated for education and health, while €1 billion will be allocated for pensions, with the rest of the money allocated to defence spending.

• New increase in pensions from 1/1/2025 at 2-2.5%.
• Extraordinary financial support for pensioners with a personal difference (€100 million)
• Horizontal increase in public sector salaries by equating entry-level salary with the minimum wage (over €100 million)
• Extension of the target achievement bonus in the public sector (€40 million).
• Increase in student housing allowance (€1500 - 2500)
• Increase of 20% in the night allowance for military personnel (€25 million)
• Incentive to attract doctors (€16 million)
• Additional instalment for beneficiaries of child benefit (€70 million)
• Strengthening of disability allowance
• Support for disabled persons receiving the OPEKA allowance
• Payment of €200 to uninsured elderly persons
• Payment of 50% of the minimum guaranteed income to beneficiaries of the

TAX REDUCTIONS

• 1 point reduction in contributions (440 million)—going to the EU average in terms of non-wage costs has a competitiveness dimension
• Abolition of business rates
• Monetisation of VAT refund for agricultural oil
• Income tax exemption for empty properties
• VAT exemption for new buildings
• Abolition of the fixed telephone levy
• Exemption from 15% health insurance premium tax on health insurance policies for children
• Tax exemption for voluntary service benefits for new parents
• 20% reduction in ENFIA for dwellings insured against natural disasters
• Autonomous taxation of on-call services in the NHS at a rate of 22%
• Incentives for innovation and mergers
• Reduction of stamp duties

It will be recalled that on Saturday, from the platform of the TIF, the Prime Minister announced a series of measures aimed at increasing the disposable income of citizens and boosting the supply of housing. The increases in incomes will affect pensioners, private and public sector employees, NHS doctors and uniformed personnel.

At the same time, interventions to increase the supply of housing were announced through incentives to open closed apartments and to convert short-term rentals into long-term rentals, as well as disincentives for short-term rentals in specific areas.

The measures also include support for farmers through the permanentization of the refund of the excise duty and incentives for investments in greenhouses. Improvements in the taxation of the self-employed were also mentioned.