Fewer taxes, more revenue

The 2025 draft budget that Minister of National Economy and Finance Kostis Hatzidakis is tabling on Monday in Parliament provides for fiscal interventions of 1.1 billion euros, including the reduction of social security contributions, the abolition of the fee for practicing a profession and a horizontal increase of €20 in civil servant salaries.

It is a draft drawn up against the backdrop of ongoing wars and therefore contains a high degree of uncertainty as to its implementation, since projections for expenditure and revenue may be overturned.

At the same time, it is also a draft that has been formulated closely following the provisions of the 2025-2028 Midterm Fiscal and Structural Plan agreed with the European Commission. The plan was presented last month, in accordance with the new rules of the EU Stability Pact.

In this context, it is a draft with...