The Medium-Term Fiscal Structural Plan 2025-2028, the key points of which were presented at a press conference by the Minister of National Economy and Finance Kostis Hatzidakis and Deputy Minister Thanos Petralias, foresees a large increase in GDP, significant primary surpluses, a reduction in unemployment to pre-crisis levels, and a reduction in debt. 

And as the minister pointed out, with the medium term, "we are achieving fiscal stability with debt reduction, growth, and income growth."

The plan is being forwarded by the minister's letter to the Parliament, to be discussed on Friday in the relevant committee in the presence of the Bank of Greece and the Fiscal Council. The final draft will then be sent to the European Commission for approval by Ecofin on November 28.

In line with the provisions of the Medium Term:

• Government debt will fall from 153.7% of GDP today to 133.4% of GDP in 2028.
• The budget deficit (capped at 3% of GDP) will rise from 1% of GDP this year to 0.6% of GDP in 2025, 0.8% of GDP in 2026, 1.1% of GDP in 2027, and 1.2% of GDP in 2028.
• The primary budget surplus, from 2.4% of GDP this year (against an initial projection of 2.1% of GDP), will be 2.5% of GDP in 2025 and 2.4% of GDP in each of the following years.
• Nominal GDP will rise from EUR 232 billion to EUR 242 billion in 2025, to EUR 253 billion in 2026, to EUR 263 billion in 2027, and to EUR 272 billion in 2028.

As the main target of the medium-term for EU member states will be the primary net expenditure limit and not the primary surpluses, the minister noted that the country reached an agreement with the Commission - due to the better fiscal performance this year - for an additional 700 million euros in 2025 and a total of 4 billion euros over four years. This, Hatzidakis said, creates more fiscal space for spending on pensions, operational spending and national defence spending.

According to the minister, the medium-term plan achieves:

• Major debt reduction.
• Reduction of tax evasion (estimated additional revenue of €2.5 billion in 2027).
• Covering increased defence spending.
• Strengthening the welfare state.
• Reducing unemployment.
• Reducing taxes and boosting incomes.

In conclusion, the Minister said that "the key message is that with the Plan we are taking the economy several steps higher and implementing all the commitments of the Southwest."