January 27, 2023

Athens News

News in English from Greece

Three Government Measures to Raise Household Income

On Monday, January 23, Finance Minister Christos Staikouras proudly announced three government measures aimed at boosting the incomes of most inflation-hit households.

The measures concern a 7.75% increase in pensions, which will be visible next week in February payments, an increase in the minimum wage from April 1, as well as food cards, called Food- or Market-Pass, which will be issued through a platform that is planned open in mid-February. The economic headquarters of the government is working on various scenarios that depend on the course of the economy in the near future, some of them will be implemented immediately, he added.

To all of the above measures, a fourth one may be added, which will be due to better-than-expected performance of the Greek economy and, consequently, the creation of a reduction in some taxes, Staikuras emphasized, without specifying, however, which ones.

On Monday afternoon, Prime Minister Kyriakos Mitsotakis held a press conference on the state of the Greek economy and announced the fourth measure and other promises to boost household incomes as parliamentary elections approach.

PS The question is that these three measures are not new and have been announced several times, almost once a week, since November/December 2022. But elections are coming up, and ND’s chances are falling every day.



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