Mitsotakis unveils Greece’s €2.2 billion package for 2027

Key Facts

1The measures cost €2.2 billion in 2027 and reach €3.5 billion by 2030.

2Tax prepayment for sole proprietors becomes 50% instead of 55% for the 2027 tax year.

3Pensioner assistance becomes €400 net instead of €300, while a gross €500 payment for public employees begins in December 2027.

4My Home 3 has €2 billion in funding, while the government plans to make property-transfer tax for buyers from outside the European Union 15% instead of 3%.

Greek Prime Minister Kyriakos Mitsotakis unveiled the package at the 90th Thessaloniki International Fair on the evening of Saturday, September 5, 2026. The government put the measures’ cost at about €2.2 billion in 2027, reaching €3.5 billion by 2030. The package combines tax relief, income support and housing and energy measures on a staged implementation schedule. Mitsotakis said spending would remain within available fiscal space, meaning the figures are future commitments rather than money already disbursed.

The business measures remove two additions to presumed income linked to turnover and employee payroll costs, and the government said the change would benefit more than 155,000 professionals. Presumed income will be halved in settlements with fewer than 2,000 residents, with a threshold of 2,200 residents in Western Macedonia. Tax prepayment for sole proprietors becomes 50% instead of 55% starting with the 2027 tax year. For legal entities, tax prepayment begins an annual path in 2028 of 5 percentage points from 80% to 50%.

November assistance becomes €400 net instead of €300 and extends to all pensioners over 65, with payment due on November 30, 2026. A total of 720,000 public-sector employees will receive a permanent gross Christmas payment of €500 from December 2027, and it will count toward pensionable earnings. Families with 3 children will receive a zero income-tax rate on annual income up to €20,000 from January 1, 2027, with about 87,000 families expected to benefit. The plan also calls for the minimum wage to exceed €950 during 2027, with a target of €1,000 in January 2028.

On housing, the €2 billion My Home 3 programme is scheduled to begin in January 2027 to help finance first-home purchases. The government also announced a plan to make property-transfer tax 15% instead of 3% when the buyer comes from outside the European Union, and it did not present the measure as law already in force. On energy, household electricity public-service charges will become 50% of their current level on January 1, 2027 for more than 6 million connections. This specific measure is separate from the government’s broader target of making electricity prices 30% lower over 3 years, a goal that has not yet been achieved.

Mitsotakis linked the package to medium-term goals of annual growth above 2% and an average monthly wage above €1,800. He also targeted a move in investment from €46 billion to €65 billion. For the public finances, he set goals of making debt less than 120% of gross domestic product in 2029 and less than 110% in 2030. These figures are policy targets for the 2027-2031 framework, not achieved outcomes or independent forecasts, and their impact will depend on legislation and implementation.