GREECE: Greek PM Says Tax Cuts Will not Affect Fiscal Stability

Prime Minister Kyriakos Mitsotakis announced upcoming tax cuts without disrupting fiscal stability following his meeting with the new Minister of National Economy and Finance, Kyriakos Pierrakakis on Monday.

Mitsotakis claimed that his government’s systematic efforts were yielding results, pledging that the additional revenues of €2 billion in 2024, would be returned to society, partly in the form of tax cuts. The PM underlined that the government would continue its efforts to reduce tax evasion and ensure a fair distribution of economic benefits.

“The public is already seeing tangible results in the fight against tax evasion, and they should know that they will benefit from this major national success. I believe they will start to notice it very soon,” he noted.

Mitsotakis pointed to the concrete outcomes of these efforts, stating that for the first time, tax revenues are consistently improving—a goal that previous governments had failed to achieve. “We have accomplished what others promised but either failed to deliver or lacked the will to implement,” he said. He reiterated that this effort will continue, with the additional permanent revenue benefiting the economy through tax cuts or increased public investments. “Citizens should know that they will see the benefits,” he affirmed.

In the wake of Greece’s credit rating upgrade by Moody’s, Mitsotakis described it as a national success, confirming the country’s significant progress. He cited faster economic growth, declining unemployment, and rising exports as key achievements.