ATHENS — The Greek government unveiled a €3.5 billion package of tax breaks and wage increases aimed at lifting household incomes ahead of next year's general election.
The plan cuts social security contributions for specific employment sectors, raising net wages for workers, and adjusts the national minimum wage. Support for pensioners and vulnerable groups is also included. Prime Minister Kyriakos Mitsotakis' New Democracy party frames the measures as a continuation of fiscal policy designed to foster growth and ease the tax burden after years of austerity.
Analysts will watch the plan's impact on Greece's national debt and inflation. Greece's public debt, though declining, remains material for international investors and credit agencies. The European Commission will review fiscal compliance as part of its economic surveillance under EU budgetary rules.
The Greek Parliament will debate and vote on the legislative proposals during its autumn session. Implementation is expected to begin early next year.
