Pierrakakis: There will be fiscal room for new support measures

The Minister of National Economy and Finance has announced new measures to support society, noting that the scope and mix of the measures will be finalized once the fiscal data has been fully compiled.

Pierrakakis: There will be fiscal room for new support measures

This article is an AI translation of an original piece published in Greek. Read original

At this year’s Thessaloniki International Trade Fair, the Minister of National Economy and Finance, Kyriakos Pierrakakis, at this year’s Thessaloniki International Trade Fair (TIF), emphasizing that the final decisions regarding the scope and content of the measures are still under consideration.

In an interview with the Patras radio station MAX FM, the minister clarified that “there will be room for new measures; that is a given,” adding that the government will continue its policy of returning the benefits of economic growth to society through tax cuts and income support.

“There will be fiscal space, and there will be concrete support for society. The question is what the mix of measures will be and what the total amount will be that the prime minister will announce at the Thessaloniki International Fair,” he noted.

Mr. Pierrakakis pointed out that the government’s plans are also influenced by European decisions regarding the so-called “escape clause” in the energy sector, which creates additional opportunities for targeted investments in energy infrastructure. As he emphasized, this is a separate area of intervention from the measures to be presented in Thessaloniki.

Referring to the problem of high prices, the minister acknowledged that it remains the biggest challenge for households, noting that the government is fighting on multiple fronts: through income increases, reductions in tax and social security burdens, strengthening competition, and strict controls against profiteering.

At the same time, he emphasized that the de-escalation of geopolitical tensions could help lower prices, particularly for energy, while reiterating that the long-term solution lies in investments that will structurally reduce energy costs for households and businesses.

 

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