In an interview, the Ministry of National Economy and Finance, through Minister Kyriakos Pierrakakis, previewed the draft budget to be submitted to parliament on 6 October 2025, projecting public debt to fall from an estimated 145% of GDP in 2025 to below 140% in 2026 and pointing to continued growth above 2%. The interview also flagged further housing-market interventions and deeper cooperation with the European Public Prosecutor’s Office on tax and customs fraud. On housing, the minister outlined additional incentives intended to shift “closed” homes into the long-term rental market, including expanding the property-size threshold for a tax exemption for large families by 20 square metres for each child above two. He also described planned flexibility for landlords renting to specified public-service professions via six-month contracts without losing the related three-year benefit, and retention of the exemption if a tenant leaves early provided a replacement is found within three months. For short-term rentals, the government plans to extend into 2026 a ban on offering new homes in three districts of Attica and is considering further measures, including tighter supply limits and interventions affecting taxation, with no decisions yet. On enforcement, the government intends to strengthen the European Public Prosecutor’s Office presence in Athens to speed up customs investigations, linked to the Customs NextGEN programme to modernise customs through digitalisation, cargo targeting, enhanced border supervision, risk-analysis tools and cross-border data exchange. The minister also indicated that any additional fiscal measures beyond those already announced would depend on economic performance and fiscal data.
Ministry of National Economy and Finance (Greece) 2025-10-05
Greece’s Ministry of National Economy and Finance previews draft budget with debt set to fall below 140% of GDP in 2026 and reviews short-term rental rules
The Ministry of National Economy and Finance of Greece, led by Minister Kyriakos Pierrakakis, previewed the draft budget projecting public debt reduction from 145% of GDP in 2025 to below 140% in 2026, with growth above 2%. The government plans housing-market interventions, including incentives for long-term rentals and extending a ban on new short-term rentals in parts of Attica. Additionally, Greece aims to enhance cooperation with the European Public Prosecutor’s Office to expedite customs investigations as part of the Customs NextGEN programme.