Greece's Ministry of National Economy and Finance published parliamentary remarks by Deputy Minister Nikos Papathanasis covering the government’s tax reform bill focused on demographics and middle-class support, alongside an update on the measurable results of the ministry’s financing and investment tools and recent energy-sector developments. The intervention also referenced the ExxonMobil, HelleniQ Upstream and Energean Hellas agreement to transfer participation interests in Block 2 in the Northwest Ionian, with the Deputy Minister stating that a first drilling is expected in less than two years. The speech highlighted macro and programme execution metrics, including an estimated 2.2% growth rate for 2025 and a 2.4% increase in real GDP for 2026. The Public Investment Development Programme was described as having the largest budget in 15 years, with a nine-month execution target achieved at 98.3%, while the Recovery Fund execution rate was cited at 110%. For the National Development Programme 2026–2030, national resources of EUR 16.2bn were referenced for the new programming period, plus around EUR 5.8bn to complete projects from the current period; following a positive European Commission assessment and the expected disbursement of the sixth payment request, total Recovery and Resilience Facility disbursements were projected to reach EUR 23.4bn, or 65% of the total budget. Additional figures covered SME support and domestic programmes, including EUR 1.6bn in approved Recovery Fund grant subsidies for SMEs, 55% of contracted Recovery Fund loans going to SMEs, EUR 2.4bn of 2025 financing approvals by the Hellenic Development Bank, and housing measures totalling EUR 6.5bn, with “My Home II” reported at 67% of its EUR 2bn budget via almost 11,000 loans worth EUR 1.28bn. Next steps cited in the remarks included the expected sixth Recovery Fund disbursement, completion of the intermediate revision of European Structural and Investment Funds programmes, new calls under the Just Development Transition programme with a total budget of EUR 436m, and planned activation of additional tools including a EUR 186m Special Development Programme and five new investment plans of about EUR 234m under Pillar 3 of the EU Just Transition Mechanism.
Ministry of National Economy and Finance (Greece)2025-11-07
Greece's Ministry of National Economy and Finance outlines tax reform bill and EU funding deployment with EUR 23.4bn Recovery Fund disbursements expected after the sixth payment
Greece's Ministry of National Economy and Finance detailed its tax reform bill, financing tools, energy developments, and macroeconomic metrics. Deputy Minister Nikos Papathanasis projected 2.2% growth for 2025 and 2.4% GDP increase for 2026, with major budget allocations for public investment and development programs. The update included SME support, housing measures, and upcoming steps like the sixth Recovery Fund disbursement and new EU Just Transition Mechanism investment plans.