The economic team is entering the final decision-making phase ahead of Prime Minister Kyriakos Mitsotakis’ appearance at the Thessaloniki International Fair, as the government attempts to strike a balance between shaping a long-term strategy with a 2030 horizon and maintaining the fiscal stability necessary during a period in which Greek public debt is steadily declining. This year’s Thessaloniki Fair announcement package is being designed not as a simple list of annual benefits, but as a roadmap for the next four years — encompassing targeted tax cuts, boosts to disposable income, and major structural reforms.
Nevertheless, the final structure and precise scale of the interventions remain open for now, as the definitive stamp of approval will only come after a full assessment of current economic data. Both the Prime Minister’s office and the Ministry of National Economy and Finance are making it emphatically clear that decisions will be made based on the actual pace of budget execution — and, most critically, on August’s tax revenue figures.
Thessaloniki Fair: government decisions taking shape
The current month is considered the most pivotal, as the exact size of the additional fiscal space to be made available to society and the market — currently estimated at close to €2 billion — will be determined by tourism revenue trends, the settlement of tax returns, and VAT receipts. This approach underscores the government’s intention to avoid reckless handouts that could jeopardize its fiscal targets, ensuring that every measure announced will be fully costed and sustainable over the long term. At the same time, the strategic orientation toward 2030 aims to signal stability to both investors and citizens, prioritizing permanent income growth, middle-class support, tackling the housing crisis, and further relief for small and medium-sized businesses in particular. The economic team is expected to conclude its meetings in the final days of the month, at which point the final package will be locked in — making it clear that achieving the decade’s long-term goals must first pass through consistent and careful fiscal management.
What Panos Amyras said
Panos Amyras, Director General of the Prime Minister’s Press and Information Office, speaking on ERTnews, emphasized that the tax reduction policy will continue, with particular focus on small and medium-sized businesses and self-employed professionals. He stressed, however, that all tax relief measures will carry a growth-oriented character, noting that more than 600,000 jobs have been created in recent years and that the government has already cut 83 taxes. On the issue of early public debt repayment, he dismissed opposition criticism and argued that reducing the debt is one of the government’s most significant achievements, as it lowers the fiscal cost and reinforces the credibility of the Greek economy. “The Mitsotakis government is doing exactly the opposite. It is reducing public debt, creating conditions for growth, creating conditions for employment, and working to attract investment,” he stated.
Published in Apogeumatini
