Defense expenditures included in the 2025 budget were approved with 258 MPs in favor.

Greek banks face a €100M budget impact as new measures slash fees for remittances, bill payments, and ATM use.

These measures aim to foster fairer banking practices and enhance the availability of affordable housing and credit.

He first addressed the state budget, on which parliament is set to vote later in the evening.

Prime Minister Kyriakos Mitsotakis is expected to deliver his remarks late in the evening, shortly before the decisive vote that will conclude the session

Greece begins 2025 state budget debate in Parliament, marking PASOK's return as the main opposition, with a key focus on tax cuts.

This amendment comes as part of PASOK’s broader strategy to present itself as a people-focused yet pragmatic political alternative to New Democracy.

Ruling New Democracy has proposed the budget, presenting it as a set of measures that will improve Greece’s economy through “fiscal prudence”.

The 'Nature Greece' initiative aims to protect 446 Natura 2000 areas, boost eco-tourism, create jobs, and support sustainable development in Greece.

PM Mitsotakis cabinet will meet at 11:00 and discussions will focus on the Greek economy.

The prime minister highlights the budget's fiscal responsibility, as it is nearly balanced.

These results will indicate to what extent the additional revenue can fund new initiatives starting in early 2026, with a probability of new tax cuts being announced by the government.

The macroeconomic forecasts for 2024 and 2025 are subject to risks, including the potential escalation of geopolitical crises in Ukraine and the Middle East

A significant part of this surplus is attributed to the receipt of €3.2 billion in October from the new concession agreement for the Attiki Odos

In 2025, Greece's general government debt is forecast to fall to 149.1% of GDP, with its nominal value at 361.4 billion euros

The most prominent spending increase affects pension rates, which will be raised by 2.2% to 2.5%, on average

The economy is expected to close this year with growth at around 2.2%, while for 2025, the target is slightly higher at 2.3% as outline in the medium-term fiscal plan.

A major issue of concern is how the Israel-Iran conflict will play out with pundits projecting a surge in oil prices.

The performance was almost double the target of 3.316 billion euros