The draft state budget for 2027

On Monday, October 5, 2026, the draft budget is to be submitted to Parliament, outlining the key directions of economic policy, macroeconomic forecasts, and a comprehensive package of support and relief measures totaling €5 billion. The government is attempting to strike a balance between boosting incomes and addressing the high cost of energy and inflation.

📈 Key Economic Indicators & Forecasts

• The economic team prioritizes maintaining growth momentum:

• Growth: Expected to remain on a steady trajectory above 2%.

• Inflation: A significant slowdown is projected, with the rate estimated to settle in the 2.5%–2.7% range.

• Primary Surplus: Targeting high levels exceeding 3% of GDP.

• Public Debt: Continuing its downward trend, aiming to drop below 130% or settle near 134.4%.

• Market Liquidity: €11 billion is projected to be injected in 2027 (€4 billion from national resources and €7 billion from co-financed programs).

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💰 Key Support Measures (€2.2 billion in new measures)

• The overall package incorporates direct interventions totaling €2.2 billion to support households, workers, and pensioners:

• Public Sector Employees: A Christmas bonus of €500 (gross)—which will count towards pensionable earnings—is being introduced, effective December 2027.

• Pensioners & Vulnerable Groups: Permanent financial support for pensioners, individuals with disabilities, and uninsured elderly persons is increasing from €300 to €400 (net), while eligibility is being expanded to include all pensioners over the age of 65.

• Pension Increases: The draft plan includes an initial indication regarding upcoming pension increases, which will be finalized in November.

• Tax Relief & Housing: Targeted interventions to reduce the tax burden and programs to improve access to affordable housing are included. The definitive projections and any revisions resulting from international energy developments will be reflected in the final budget text to be submitted in November.