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

Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target.

This is up from a target of 2.133 billion euros over the same period last yeat, and compared to a primary surplus of 3.079 billion in the corresponding quarter last year

The analysis warns that higher inflation compared to key trading partners due to excessive wage increases would harm the country's international competitiveness

For the January-February 2024 period, state budget net revenues totaled 12.648 billion euros

The primary surplus on a modified cash basis amounted to 3.401 billion euros, compared to a target primary surplus of 1.981 billion euros

The gathering of world leaders will run from February 16-18 and covers a variety of topics that are considered to present the greatest threats to international security

€10.6 billion is earmarked in reallocations of funds