2025 state budget: Greece projects 2.5 billion euros in revenue without new taxes

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Growth, reduced tax evasion and increased income for employees and pensioners are projected to be the three key sources for securing an additional 2.5 billion euros in revenue in Greece’s 2025 state budget, without the need for new taxes. Government spending will also rise, focusing on supporting vulnerable groups, housing, demographic challenges and boosting income.

• The 2025 budget includes 2.94 billion euros in extra support measures compared to 2024.

The draft budget, submitted to Parliament on Monday, highlights the potential negative impact of geopolitical developments on meeting the Ministry of National Economy and Finance’s goals. In a worst-case scenario, instability could stem from a challenging global economic environment, rising oil and natural gas prices and lower tourism demand.

Despite these challenges, the ministry forecasts an additional 2.47 billion euros in tax revenue for 2025, bringing total tax revenues to 68.7 billion euros, up 3.7% from 66.24 billion euros in 2024. This increase is expected to come from economic growth and reduced tax evasion, bolstered by a rise in electronic transactions. By 2027, revenues from combating tax evasion are projected to range from 2 to 2.5 billion euros annually, with the goal of reducing the VAT gap to 9% by 2026.

Source: ANA – MPA

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