The Greek government has announced the provision of subsidies amounting to 300 million euros in April and May to offset costs arising from rising energy prices due to the conflict in Iran. The program aims to support both consumers and farmers who have been most affected by price spikes.
This is reported by Finway
Details of Subsidies and Support
As part of the initiative, the government will introduce a subsidy of 0.16 euros per liter for diesel fuel. With VAT reimbursement, the final benefit for consumers and businesses will amount to 0.20 euros for each liter of diesel fuel. Targeted support for households will be provided through a digital fuel card, allowing for prompt compensation.
Farmers will receive an additional subsidy of 15% on the purchase of fertilizers, which is intended to offset the sharp increase in their costs and stabilize production expenses for agricultural products. Ferry operators will also be able to benefit from financial assistance related to mandatory discounts on tickets for certain categories of passengers.
Funding Measures and Additional Resources
In addition to direct subsidies, the government plans to raise an additional 100 million euros through taxation on profits from online gaming in “casino-style” formats. This will allow for an expanded budget base to implement social initiatives without significantly increasing the burden on public finances.
“Prime Minister Kyriakos Mitsotakis stated on Monday that Greece will provide subsidies of 300 million euros in April and May to help consumers and farmers cope with rising energy prices linked to the conflict in Iran”
Mitsotakis emphasized that the funding for the program will be sourced not only from state funds but also from sectors of the economy that are experiencing increased profits, while maintaining a minimal “social footprint”.
It is worth noting that similar crisis measures are already being implemented in Spain, where the government led by Pedro Sánchez has approved a 5 billion euro plan to mitigate the impacts of global price increases caused by the war in the Middle East.