On Friday, 6 November 2026, the bill put forward by the Ministry of National Economy and Finance, titled “Boosting disposable income, savings and investment, tax, pay and pension provisions, and other social policy measures”, will be taken up by the relevant parliamentary committee.
According to the explanatory memorandum accompanying the bill submitted to Parliament, the provisions are targeted measures on tax, social, pay, pension and fiscal matters. They are aimed primarily at reducing specific tax and social security burdens, boosting citizens’ disposable income, providing financial support to families, expanding and adjusting social benefits, and funding development initiatives, without undermining the country’s fiscal stability.
In particular:
Part A provides, among other things, for changes to income and property taxation on both social and professional grounds; the minimum net income; the business levy; the Single Property Tax (ENFIA); property transfers; leases; expenditure on building upgrades; electronic transactions; and tips.
It also provides for financial support, lower social security contributions, adjustments to disability benefits, an increase in the birth grant, and incentives to settle in and remain in the country’s remote and border regions.
In addition, it seeks to boost the disposable income of all categories of public-sector personnel by introducing a Christmas bonus.
Finally, it provides for parents to be able to choose between compensation and a pension if their child was an employee or member of the armed forces who was unmarried, widowed or divorced and had no children, and died as a result of a terrorist act or a violent crime committed against them because of their status. It also provides for the removal of any reduction that continues to apply to the pensions received by pensioners covered by paragraph 3 of Article 4 of Law 4387/2016 (A’ 85) when they work as employees or are self-employed.
Part B establishes a special framework for long-term saving and investment for the benefit of the younger generation, with the aim of gradually building assets for children who have not yet turned two when the application is submitted.
The proposed measure creates a unified framework for setting up and operating an individual investment account in a minor’s name; allowing contributions from individuals or legal entities; the State’s contribution; investment and management rules; tax treatment; oversight of providers; and protection of the beneficiary.
Part C provides for an increase of €300,000,000 in appropriations for the national component of the Public Investment Programme and the National Development Programme (PIP and NDP) in the State Budget for the current financial year, to enable the planned tax and social security relief, increased or expanded social benefits, and the planned fiscal support for the national component of the PIP to be implemented.
SOURCE: AMNA