Archive · 6 Sep 2026
Greek prime minister rules out snap elections, unveils tax cuts
Greece’s prime minister said there will not be an early election.
He said the next election will happen in spring 2027.
His government announced a large package of tax cuts and pay increases.
The package is worth €3.5 billion over four years.
Pensioners and public servants would receive annual bonuses.
Some families, farmers, and businesses would also receive tax relief.
The government says Greece’s economy is growing and can afford the measures.
However, the governing party’s support has fallen because of high living costs and corruption allegations.
Mitsotakis hopes the new policies will help his party win another term.
Prime Minister Kyriakos Mitsotakis said Greece’s next elections will be held in spring 2027.
The government announced €3.5 billion in tax cuts and wage increases over four years.
Measures include pensioner and public-servant bonuses, tax relief for families and farmers, and lower advance-tax payments.
Mitsotakis aims to reduce unemployment to 6% and public debt below 110% of GDP by 2030.
His party remains ahead in polls, but support has fallen below 30% amid cost-of-living pressures and corruption allegations.
- Who
- Greek Prime Minister Kyriakos Mitsotakis and his centre-right government.
- What
- Mitsotakis ruled out snap elections and announced €3.5 billion in tax cuts and wage increases.
- When
- He made the announcement on Saturday and rejected early elections on Sunday; the next election is planned for spring 2027.
- Where
- Greece.
- Why
- The government is using stronger-than-expected economic and fiscal results to fund relief measures while seeking to recover support lost amid cost-of-living pressures and corruption allegations.
- Election timing
- The next Greek elections are planned for spring 2027.
- Policy package
- Tax cuts and wage increases worth €3.5 billion, or 1.5% of GDP, will be introduced over four years.
- Bonuses
- Pensioners will receive an annual €400 bonus, while public servants will receive €500.
- Tax relief
- Farmers and families with three children will receive a zero tax rate on annual incomes up to €20,000.
- Fiscal goals
- The government aims to reduce unemployment to 6% and public debt below 110% of GDP by 2030.
- Economic performance
- Greece’s economy is expanding at about 2% annually, ahead of the euro zone average.
- Political support
- The governing party won 40.5% in 2023, but current support has fallen below 30% in opinion polls.