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Φωτό: Ο ΥΠΕΘΟ κ. Κυρ. Πιερρακάκης (δεξιά) και ο αναπληρωτής ΥΠΕΘΟ κ. Ν. Παπαθανάσης/ΥΠΕΘΟ

Fiscal stability and growth are the two pillars of economic policy

National Economy and Finance Minister Kyr. Pierrakakis made a brief reference to the Public Investments Programme (PIP), which in 2025 will be the largest of the last 15 years.

The government's policy operates on two levels, preserving fiscal stability, on the one hand, while also unleashing growth enclaves, on the other hand, National Economy and Finance Minister Kyriakos Pierrakakis said on Monday at the start of a press conference on the "Utilisation of financial tools to support society and the economy".

As the minister said, the effort is about releasing the maximum possible amount from financial tools and at the same time reducing bureaucratic obstacles. Pierrakakis made a brief reference to the Public Investments Programme (PIP), which in 2025 will be the largest of the last 15 years, to the NSRF 2021-2017, where Greece ranks 2nd in absorption across Europe, to the Resilience and Recovery Facility, for which the 5th payment of 3.1 billion euros is to be disbursed in April, and to Public-Private Partnerships (PPPs), saying that through them the goal is to build many student dormitories throughout the country.

On his part, the responsible deputy minister, Nikos Papathanasis, said the following:

  • The Public Investments Programme (PIP) will amount to 14.5 billion euros this year and 16.5 billion euros in 2026, while in total, the National Development Programme has 17 billion euros. 
  • As regards the RRF, where Greece ranks high in absorption of funds, the request for a revision will be submitted after April and and the country's 6th payment request for 3.9 billion euros will follow soon after. Around the end of October to the beginning of November, the 7th request of 3.5 billion euros will be submitted.
  • The preventive medical screening and "My Home II" programme are in progress. For the second, in particular, which runs until June 2026 but is actually expected to be end this year, 28% of the program has been covered within 2.5 months. The average income of those interested is 21,000 euros and 60% are under 37 years of age.
  • The sectoral programmes "Microcredit Fund", with a subsidy of 75% of the interest rate for women's entrepreneurship, and "Entrepreneurship Fund" are in progress.
  • A new programme of 84 million euros concerns Thessaly after the catastrophic damages.
  •  In the Just Transition programme, of 1.6 billion euros, 100% of the invitations and 70% of the enrollments will be covered this year. For islands with a population of less than 3,000 inhabitants, there is a 70% subsidy.
  • 10 PPP projects with a budget of 1.2 billion euros are in the process of being signed.
  • At the Hellenic Development Bank, the 6.68 billion euros of national resources leverage a total of 17.6 billion euros.
  • At  the Hellenic Development Bank of Investments, for every 1 euro of investment, the impact on the country's economy is 23.21 euros.
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