Prime Minister Kyriakos Mitsotakis unveiled a package aimed at distributing economic growth benefits while maintaining fiscal stability.
Prime Minister Kyriakos Mitsotakis announced a program of aid and tax relief totaling two point two billion euros for the year 2027. The announcement was made on Saturday, September 5, 2026, in Thessaloniki during his traditional opening speech at the city's 90th International Fair. Mitsotakis presented this package as a concrete reflection of Greece's economic growth, aiming to ensure its benefits reach society without jeopardizing fiscal stability.
The aid package is part of a broader four-year economic plan valued at three point five billion euros, representing approximately one point five percent of the gross domestic product by 2030. Key measures include an annual bonus of four hundred euros for pensioners and five hundred euros for civil servants, alongside a complete tax exemption up to twenty thousand euros of annual income for farmers and families with three children. Independent workers and businesses will see their provisional payments halved.
The minimum wage, currently set at nine hundred twenty euros, is slated to increase annually, reaching one thousand euros by 2028. The government also plans a thirty percent reduction in wholesale electricity prices by 2029 and a zero point five point decrease in retirement contributions paid by private sector employees. This announcement follows recent cost-of-living protests and a decline in the ruling party's poll numbers.
Why it mattersFarmers and families with three children will benefit from a complete tax exemption up to twenty thousand euros of annual income.
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