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Greece’s Surging Public Revenues Signal Higher Primary Surpluses for 2024 and Beyond

Greece’s public revenue projections for January to November 2024 are exceeding state budget goals set for 2025, potentially leading to higher primary surpluses this year and next. Efforts to reduce tax evasion and strong economic growth are boosting fiscal outcomes, allowing for potential tax cuts targeting middle and lower-income earners in coming years. The government’s financial strategy aims to enhance electronic transactions to further curb tax evasion, with expectations of significant increases in revenue from these initiatives. The first assessments of revenue performance are anticipated in Spring 2025.

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