Greece will spend an additional 4 billion euros over the next four years, with the European Commission's agreement, totaling 13.8 billion euros over the government's four-year term, National Economy & Economics Minister Kostis Hatzidakis told Athens-Macedonian News Agency (ANA-MPA) in an exclusive interview.
The minister noted that the greatest part of the rise in these expenditures will be allocated to operational expenditures of the state (including, among others, increase of expenditures for health and education), pensions (not just for increases, but for the pensioners to be), and to the increase of defense expenditures.
He also underlined that a signifiicant part of expenditures in the coming years will also be allocated to other interventions, which for 2025 at least were clarified by the prime minister at the Thessaloniki International Fair, as well as to a better-targeted social policy for vulnerable citizens.
In addition, if there is a foreseen improvement in managing tax evasion - which in the Medium-Term Plan is assessed to bring higher state revenues of about 2.5 billion euros annually - then it will be possible to reduce taxes further, without creating problems in terms of deficits.
Asked to comment on dissatisfaction by Greek citizens on the issue of high cost of living, he told ANA-MPA, "If there are no great upheavals due to the Middle East now, or any other unforeseen event, developments in the market indicate that the issue is deescalating."
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