ATHENS — Greece has unveiled a wide-ranging economic programme worth about €3.5 billion through 2030, combining tax reductions, income support, wage increases and measures aimed at improving living standards

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Prime Minister Kyriakos Mitsotakis presented the programme at the 90th Thessaloniki International Fair, describing it as a four-year roadmap designed to build on Greece’s economic recovery and deliver stronger household incomes.

One of the immediate measures is a €400 annual payment for pensioners aged over 65, people with disabilities and uninsured elderly citizens. The government plans to make the payment permanent, with the next payment scheduled for November 2026.

Public-sector employees will also receive a new annual benefit of €500 from the end of 2027, while private-sector workers are expected to benefit from further reductions in social-security contributions.

The government has also targeted families and farmers through changes to taxation. From January 2027, families with three children will receive a zero income-tax rate on annual earnings up to €20,000.

Farmers are set to receive a refund of the special consumption tax on fuel directly at fuel stations beginning in November 2026. The measure is intended to reduce the impact of elevated energy costs on agricultural production.

Housing is another major component of the programme. The government plans to provide an annual rent refund to eligible tenants, while a new “My Home III” housing programme is scheduled to begin in early 2027. Officials say the programme will aim to make home ownership more accessible to younger and middle-aged citizens.

The government also plans a new savings initiative for children. Parents will be able to open a dedicated account during the first two years after a child’s birth, with the scheme also covering children born from January 2026.

Wages are expected to remain a major focus. Greece plans to increase the minimum monthly salary to €1,000 by January 2028, while the government has set a longer-term target of raising the average monthly salary above €1,800.

Officials also want unemployment to fall below 6% by 2030. The government is targeting annual economic growth above 2%, alongside a further reduction in the country’s debt-to-GDP ratio.

Small and medium-sized businesses are another priority. The government plans to strengthen financing opportunities through a lending programme of around €1.1 billion and a guarantee mechanism worth approximately €400 million, with total support expected to reach around €5 billion when bank participation is included.

The programme also contains measures aimed at encouraging companies to modernise their equipment. Businesses will be allowed to accelerate depreciation for equipment investments, reducing the period from ten years to six.

Energy costs are also addressed in the government’s longer-term plans. Greece aims to reduce wholesale electricity prices substantially by 2029 while continuing to support households and businesses affected by high energy costs.

Mitsotakis has additionally outlined broader institutional objectives, including faster judicial procedures, greater digitalisation of public services and constitutional reforms.

The government says the overall programme is intended to combine tax relief, higher incomes, investment and structural reforms while maintaining fiscal stability.

The package marks a significant shift from Greece’s crisis-era economic policies toward a programme focused on distributing part of the benefits of recent economic growth to households, workers, pensioners and businesses.