An open three-year runway that leads to their ejecting to record levels for the Greek economy and further decline of middle class-focused ones sees the government’s financial staff. The particularly favourable situation created for the country by the Mammoth Investment Programme financed by the Recovery Fund and the NSRF and by the significant increase in revenue due to the measures to limit tax evasion creates the conditions to speed up the country’s investment gap and reduce taxes on taxpayers according to financial staff. The executives are talking about a great opportunity ahead of the country in order to consolidate growth rates over the coming years and restore injustices in tax policy that have their roots in the era of monuments. On the basis of these new data, the two major priorities set for economic policy are: The rapid absorption of the resources of the Recovery Fund and the financing of European programmes through the NSRF along with the rapid notification of projects in order to contribute as quickly as possible to the development of the economy and the continuation of the policy of reducing tax evasion by measures such as digitisation of transactions and audits of the Independent Public Revenue Authority (AED). Public Investment The Public Investment Programme which the country is called upon to “run” in the next three years is the largest ever in the chronicles and this is a major challenge. For 2024 it amounts to 13.15 billion euros, for 2005 14.1 billion euros and for 2026 it is expected to be around 15 billion euros. This is a mammoth Public Investment Programme as it will exceed EUR 42 billion by the end of 2026. This includes the funds of the Recovery Fund and Community resources through the NSRF, alongside domestic state funding. They are intended for projects in all sectors of the economy, from construction, infrastructure, and energy to health, education and digital development in critical areas. To the amount of over EUR 42 billion, loans to be made by the Fund should be added. Recovery through banks to businesses for their investment projects which for 2024 are estimated at EUR 5.3 billion and EUR 5.455 billion for 2025. Tax avoidance On the front of tax evasion, the digitisation of transactions and the measures taken by the Ministry of Finance, including the hypothetical taxation of professionals, generated additional revenues of 1.8 billion euros in 2024. The Ministry considers that this increase will continue over the next few years, on the one hand, because they will implement the existing measures, on the other hand, because they will be enriched with new interventions in the field of digital transactions and the digital upgrading of tax controls, as shown by a recent presentation of the new digital tools of ADE. It is indicative that in 2024 VAT revenues exceeded EUR 1 billion, a development largely attributed to anti-tax measures. The objective set by the Ministry of Finance is the policy to limit the taxable matter that escapes to yield additional revenues of 2.5 billion euros annually by 2027. This data opens the way for new tax cuts, which will focus on the relief of the middle class, Prime Minister Kyriakos Mitsotakis announced from the step of the AADE event on Thursday. The government’s plans include reducing the rates of taxation on the average income of employees and reducing living evidence in order to address injustices and distortions that exist today. Source: RES-AE
New investments and tax reductions in the government’s quiretra
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