Ahead of a spring 2027 election, the Mitsotakis government tabled a 2027 draft budget with about 2% growth and a primary surplus above 3% of GDP. Debt is set to fall below 130% of GDP.
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Government · leader
President Konstantinos Tasoulas; Prime Minister Kyriakos Mitsotakis
Key national agenda
- 2027 budget: primary surplus above 3% of GDP, debt below 130%
- Relief for energy and housing costs (EUR 2.2bn new)
- EUR 7bn Public Investment Programme and higher investment
- 'My Home III' housing programme (EUR 2bn) and renovation of older homes
- New EUR 1.5bn SME financing tool
- General election planned for spring (May) 2027
Government programmes
2027 draft state budgetTotal unconfirmed
Growth 2-2.3%, primary surplus 3.3% of GDP, debt 128.8% (136.8% in 2026), investment +7.9%; final budget due in November
Household relief packageEUR 5.035bn (EUR 2.208bn new)
EUR 5.035bn in total, of which EUR 2.208bn new (Thessaloniki fair) and EUR 2.827bn already enacted; pensions, public pay, Christmas bonus
Public Investment Programme (PDE)EUR 7bn + EUR 400m (allocation)
EUR 7bn co-financed programme plus EUR 400m extra national investment funds (single source)
'My Home III' housing programmeEUR 2bn + EUR 500m
EUR 2bn housing programme and EUR 500m EU-funded renovation of older homes (single source)
New SME financing toolEUR 1.5bn (ceiling)
EUR 1.5bn financing instrument for SMEs (single source)
Business opportunities
Materials and equipment for energy renovation of older homes
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EPC and equipment for public infrastructure
A EUR 7bn investment programme and 7.9% investment growth are expected.
Ministry of National Economy and Finance, infrastructure agencies
Energy-efficiency and home energy management
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Korean support schemes
- KOTRA overseas market news and trade office support · KOTRA — Market intelligence, buyer sourcing and branch-office services via local trade offices.
- buyKOREA specialized trading company pavilion (2026) · KOTRA — Applications 3-13 Nov 2026; links firms with verified overseas buyers. Whether this country is among the 10 target markets is unconfirmed.
Official notices
Public Debt Management Agency (PDMA)
- 2026-10-26 Rating table updated (all three agencies investment grade)
- 2026-10-23 S&P BBB (stable)
- 2026-09-18 Moody's Baa3 (positive)
Disaster · conflict · epidemic
Stable 2026-11-07
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Agencies
Earth & space
Credit rating · FX
S&P BBB (stable) / Moody's Baa3 (positive) / Fitch BBB (stable; 6 Nov 2026 review outcome unconfirmed) · K-SURE Unconfirmed · EUR +0.5%
Sanctions
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As an EU member state, it is not subject to any country-wide UN, US, EU, UK or Korean sanctions programme.
