Prime Minister Kyriakos Mitsotakis is set to announce a series of measures aimed at increasing pensions, reducing social security contributions, and enhancing public services to address the cost of living crisis and regain voter support. This announcement will be made during his annual speech on the economy at the Thessaloniki Trade Fair.
Mitsotakis will focus on improving purchasing power, investing in education and healthcare, and addressing issues such as housing and declining birth rates. The government plans to allocate 3 billion euros for these measures in 2025, representing about 1.5% of GDP.
The Prime Minister aims to strike a balance between satisfying voters and maintaining fiscal responsibility, as the economy has shown signs of improvement in recent years following the debt crisis. Despite progress, challenges remain, including high unemployment rates and low GDP per capita.
With an emphasis on fiscal prudence, Mitsotakis and his party plan to build upon the economic progress of the past five years while addressing the ongoing challenges faced by the country.
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