Finance Minister Kyriakos Pierrakakis announced plans for a tax reform centered on Greece’s demographic crisis, which he described as a “time bomb” threatening the foundations of society and the economy.

According to a ministry statement, Pierrakakis took part in an open discussion with nearly 100 young people working in Greece or having returned from abroad at an event organized by the Thessaloniki Innovation Zone (AZK SA). He listened to their concerns and answered questions on taxation, entrepreneurship, investment, and the future of the country’s production model.

Pierrakakis said the upcoming reform would focus on supporting families to counter declining birth rates and the demographic crisis in the country.
“We are at half the number of births compared to before the crisis. Today, as head of the economic team, I would say the top priority is the demographic issue and reforming how we are taxed in Greece. We will introduce a tax reform that places a very strong emphasis on this challenge,” he said.

He reminded that Greece has exited bankruptcy status and now records a fiscal surplus—“something that only six EU member states have achieved.”

However, he cautioned that this surplus must be preserved. “We have limited room for annual spending. Tax cuts and changes to advance tax payments are being considered, but they require prioritization and respect for European rules,” he noted.