He said the government will focus on young people and families with children, but did not specify how the aid will be distributed.
The Greek government will channel more than two billion euros in the coming months to boost disposable incomes and ease the impact of the rising cost of living, Prime Minister Kyriakos Mitsotakis announced.
“Our priority is to strengthen disposable income. Over the next few months, we will allocate more than two billion euros for this purpose. If we spent more, we would jeopardize fiscal stability,” he told state broadcaster ERT.
He said the government will focus on young people and families with children, but did not specify how the aid will be distributed.
Mitsotakis admitted that prices in Greece are exceptionally high, noting that inflation “is a global phenomenon.” He stressed that the way to address the problem is to support citizens’ disposable income while also stepping up market inspections to curb profiteering. “I insist that the real solution is for citizens to have more money in their pockets. This will be achieved through the bold tax reform that takes effect next year and will significantly increase disposable income,” he added.
In the coming weeks, the government will unveil additional measures to address the housing crisis, while details of the upcoming home-renovation program are expected before the end of the year.
Asked about Athens’ severe traffic congestion, Mitsotakis said there is “no magic solution,” emphasizing that the answer lies in consistent investment in public transportation, as “new roads cannot be built in a very short period of time.” | BGNES