On Tuesday, the Prime Minister in Greece announced a billion euros ($ 1.15 billion) in the financial advantages of low -income families and the public investment program, after the country became one of the few European Union members who published a budget surplus in 2024.
Only six of the 27 member states of the European Union showed a surplus of 2024, and showed the numbers issued by Eurostat. The surplus surplus Greece of 1.3 % of GDP – compared to a total deficit of the European Union by 3.2 % – was a noticeable improvement in the financial performance of a country that was deeply mired in the debt crisis that responded to the European Union and international financial markets about a decade ago.
Prime Minister Kiriacos Mitsotakis said in a televised speech to the country, that the numbers “record a great excessive performance by the national economy and a surplus in state treasures, which means that with the help of everyone, we did much better than we expected.”
“The dynamic growth, in addition to fighting tax evasion and a series of other reform measures, has achieved additional revenues, even higher than the goals we set,” said Mitsotakis. “Therefore, despite the strict European financial rules, a large part of them can now be returned to citizens.”
In order to address housing problems, tenants will have a one -month rental cost to be returned to every November, starting this year, Mitsotakis said, while 250 euros (about $ 290) will be offered annually at the end of each November to the elderly, disabled and unbelievable.
Finance Minister Kiriacos Bierakakis said that rental revenues will be allocated to families according to the annual income levels, and it will apply to 948,000 families, or about 80 % of tenants in Greece, while EURO 250-euro will apply to a total of 1.4 million people.
An additional 500 million euros ($ 575 million) will be paid annually in the country’s general investment program to accelerate public infrastructure and social projects “and in the midst of international instability, to increase investments so that there are still new jobs in creating new jobs.”
The financial performance in Greece has improved steadily since it began to appear a few years ago nearly a decade ago, which has witnessed that it loses the possibility of borrowing in the international bond market, making it dependent on successive international rescue operations. Unemployment rose to a rise when the country witnessed a quarter of its economy.
This story was originally shown on Fortune.com
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