Athens, Sept. 6 (SANA) Greek Prime Minister Kyriakos Mitsotakis announced a €2.2 billion package of tax cuts and financial support for 2027 on Saturday, as his government moves to ease household costs ahead of parliamentary elections due next spring.
Mitsotakis said the measures were intended to ensure that the benefits of economic growth reach Greek households and help improve living standards, according to the Greek news agency.
The package includes eliminating income tax for farmers earning less than €20,000 a year and reducing workers’ social security contributions from next April. It also provides for an increase in the minimum wage and an annual €400 payment to pensioners.
Electricity prices are also set to be gradually reduced by 30% between 2027 and 2029 under the measures.
The announcement comes as the government rolls out a series of cost-of-living measures in the run-up to the election. Prices of more than 1,700 food products and school supplies were cut by an average of 9.5% last week, while reductions in gasoline and diesel prices have been in place for two months. Greece emerged from a prolonged debt crisis that began in 2008 and lasted for about a decade. Despite the subsequent economic recovery, wage pressures remain, with national statistics showing that more than 36% of private-sector employees earned less than €1,000 a month in 2025.
R.D/ABD
