5 Minute News

Discussion in the Economic Committee on the State Budget for 2026

October 13, 2025

The discussion on the state budget for 2026 begins in the Parliamentary Economic Committee, with Finance Minister Makis Keraunos presenting the government's plan to address fiscal risks and encourage development. The budget amounts to €10.7 billion, with expected revenues of €12.6 billion, anticipating a growth rate of 3.1% and a reduction of public debt to 52.9%. The government's focus also includes tax reform, with upcoming changes aimed at fighting tax evasion. Despite some reservations from professional associations, the political parties DISY and DIKO are expected to collaborate for the approval of the reforms. In terms of taxation, many changes aim to promote economic stability.