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Thu, Apr

Greek PM Announces Relief Package as Budget Surplus Hits 4.9% GDP

Greek PM Announces Relief Package as Budget Surplus Hits 4.9% GDP

Hellenic Shipping News

Greek PM Kyriakos Mitsotakis announced a package of eight relief measures

Greek PM Kyriakos Mitsotakis announced a package of eight relief measures on Wednesday, aimed at returning the fruits of Greece’s fiscal surplus to households most affected by rising prices, with a focus on energy costs, income support, and private debt relief.

The announcement followed the release of data by the Hellenic Statistical Authority (ELSTAT), showing that Greece’s primary surplus reached €12.13 billion in 2025, equivalent to 4.9 percent of GDP, up from €11.41 billion, or 4.8 percent of GDP, in 2024.

Mitsotakis said the measures target five groups that bear the heaviest burden from price increases: families with children, renters, pensioners, farmers, and households with excessive debt.

A diesel fuel subsidy of 20 euro cents per liter at the pump will be extended through May, providing relief to both businesses and consumers.

A fertilizer subsidy covering 15 percent of the purchase invoice value will continue through August, potentially benefiting around 250,000 farmers as well as legal entities active in the primary sector.

An emergency payment of €150 per child will be made to families with children, disbursed automatically — without requiring an application — at the end of June. The measure will reach nearly one million

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