Athens, Greece. Greece announced 500 million euros in extra aid for households and farmers affected by rising living costs linked to the war in Iran, citing a higher primary budget surplus for 2025. Prime Minister Kyriakos Mitsotakis said the package includes emergency and permanent measures.
New measures announced
Mitsotakis said the government will extend fuel subsidies for May and fertiliser subsidies until August. He also announced a one-off allowance for families with children and higher annual aid for low-income pensioners.
Government rationale and fiscal space
Mitsotakis said the measures aim to provide support without jeopardising fiscal stability. He said the economy is performing better than expected, while households continue to face pressure from grocery costs, child-related expenses, higher fuel prices and elderly care.
Context of energy disruptions and earlier support
The government said tensions in the Strait of Hormuz have disrupted energy supplies, affecting costs for households and farmers. Greece, which relies heavily on Middle East oil imports, has already provided fuel and fertiliser subsidies and ferry ticket discounts totaling 300 million euros.
Additional commitments for businesses
The government has also pledged separate aid of 100 million euros a year for the next five years to help industries and smaller businesses deal with higher energy costs.
How do you think the new aid measures will affect households and farmers in the coming months?
