Exciting news in the financial world as the Medium-Term Fiscal Structural Plan for 2025-2028 predicts a surge in GDP, significant primary surpluses, and a decrease in unemployment to pre-crisis levels. This plan was presented by National Economy and Finance Minister Kostis Hatzidakis and Deputy Minister Thanos Petralias, highlighting a path towards fiscal stability, debt reduction, development, and wage increases.
Greece’s improved fiscal performance has led to European approval for an additional 4 billion euros in spending by 2028. The key points of the plan include reducing public debt, shrinking fiscal deficits, and increasing primary surpluses over the next few years. Measures to boost the economy also include raising the minimum and average wages, along with decreasing unemployment rates.
Furthermore, the plan addresses infrastructural interventions for demographics, housing, climate crisis repercussions, healthcare, education, entrepreneurship, and optimizing expenditure distribution. The plan is set for its first reading in Parliament soon, with hopes of European Commission approval by the end of November. The future looks promising for Greece’s economic outlook!