Greece Plans Tax Cuts, Housing Aid

Greece’s state budget primary surplus has exceeded initial targets by four times, confirming the government's projections for record fiscal performance this year, CE Report quotes Athens-Macedonia

In response, the government is preparing a package of tax cuts and social support measures to be unveiled at the Thessaloniki International Fair (TIF) in August. According to Finance Minister Kyriakos Pierrakakis, the planned measures—estimated at €1.5 billion—will target the middle class, vulnerable groups, and the housing market.

Key proposals under discussion include:

• Tax cuts for middle-income earners

• Expanded tax relief for families with children

• Lower taxes on rental income and incentives for property owners

• Rent support for tenants

• Urban planning reforms to release 35,000 dormant properties for sale

The package aims to translate the fiscal gains into broader economic and social support.