The implementation rate of the Pissaridis Committee’s fiscal balance proposals stands at 50% fully implemented and 38% partially implemented, according to a new KEFIM Policy Brief titled ‘Implementation of the Pissaridis Committee Report Proposals in Fiscal Balance’. Of the report’s eight policy recommendations in this area, four (50%) are fully implemented—including maintaining public debt on a gentle downward trajectory via sustained primary surpluses, enacting the five-year National Development Plan, adopting realistic and flexible fiscal targets, and gradually reducing public pension expenditure alongside the post-2022 pension indexation mechanism. Three recommendations (38%) remain partially implemented—covering civil service wage reform linked to skills and job profiles, increased health and pre-primary/post-secondary education spending, and medium-term revenue and expenditure growth aligned below GDP growth. One proposal (13%)—shifting public hiring priorities from general administrative roles toward fewer, highly skilled tech-savvy personnel—has not yet been implemented, despite incremental institutional improvements in recruitment processes. Overall, 88% of fiscal balance proposals are underway, making it the most advanced domain across all Pissaridis Report areas.
Pissaridis Proposals: 50% Fully Implemented for Fiscal Balance
—