In a post on social media, Prime Minister Kyriakos Mitsotakis outlines the five key points that should be known about the 2025 budget, which was submitted to the Parliament yesterday, stressing among other things that “it is good for our pockets” and that “it further stabilizes public debt.”
Specifically, Mr. Mitsotakis states:
“Five things you should know about the 2025 budget:
- It is good for our pockets as it includes 12 salary increases and 12 tax reductions. This helps to close the gap between our income and European incomes.
- It further stabilizes public debt, reducing it by nearly 5 percentage points of GDP, thereby increasing our country’s international credibility.
- It makes our economy stronger and more resilient by aiming to increase exports and reduce imports.
- It closes the investment gap, as compared to 2019, we are more than doubling the public investments we are making in health, education, security, and civil protection.
- All of this occurs within a framework of fiscal stability at a time when other strong European countries are either in recession or facing excessive deficits.”
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