ATHENS (Reuters) -Greek Prime Minister Kyriakos Mitsotakis on Saturday announced generous income tax breaks to boost households with children, part of a tax reform worth 1.6 billion euros ($1.87 billion).
The tax deductions, announced during his yearly speech on economic policy, come as his government seeks to halt a slide in popularity caused by a protracted cost of living crisis and corruption claims.
Strong economic growth, a higher-than-expected budget surplus and more comprehensive tax collection will help finance the package, which will come into force in 2026, Mitsotakis said.
“We are all well aware that Greeks are struggling to make ends meet. Therefore our non-negotiable priority is to prop up their income,” he said.
After a 2009-2018 debt crisis marked by years of economic pa