2027 budget: Greece submits its DBP to the European Commission
A new stage follows submission of the draft to Parliament. The forecasts remain government estimates; submission is not EU approval or passage of the budget.
Updated 15.10.2026 · 17:07 Athens time — What changed
Greece’s General Accounting Office has submitted the 2027 Draft Budgetary Plan (DBP) to the European Commission, according to an announcement by the Ministry of National Economy and Finance on 15 October 2026. This is a new procedural stage following the draft’s submission to Parliament on 5 October.
The ministry says the DBP retains the draft’s main projections: growth of 2% in 2026 and 2.3% in 2027, and general government debt of 136.7% and 128.8% of GDP, respectively. These are government estimates, not already recorded outcomes for the two years.
What submission to the Commission means
Under the European framework, euro-area governments submit their budgetary plans to the Commission each year for assessment against economic governance rules. Submission is not the same as a positive Commission opinion or passage of Greece’s budget.
Today’s announcement also refers to planned income, investment and energy interventions. It does not itself open a new application process or confirm an individual’s entitlement to a benefit. Each measure’s implementation depends on its relevant legislative and administrative acts.
History — Submission to Parliament, 5 October 2026
The original report on the draft and its projections follows.
Greece submitted its draft state budget for 2027 to Parliament’s Standing Committee on Economic Affairs on Monday, 5 October 2026. The Ministry of National Economy and Finance announced the submission and published an accompanying analysis of its main figures.
The economic forecasts
The government projects 2.3% growth in 2027, against an estimated 2% in 2026. It also forecasts inflation falling from 3.8% to 2.6% and unemployment from 8.4% to 7.9%. These are the economic team’s forecasts for each full year.
Investment is projected to grow by 7.9% in 2027. The draft estimates that general government debt will fall to 128.8% of GDP, from an estimated 136.7% in 2026.
The planned income measures
The ministry’s plans include raising the annual payment for pensioners, people with disabilities and uninsured elderly people to a net €400 from November 2026 and extending it to all pensioners over 65. They also include a €500 Christmas payment for civil servants and public office holders from December 2027.
The minimum wage target is €1,000, through two increases in April 2027 and January 2028. Housing plans include “Spiti mou III”, with planned funding of €2 billion.
Submission and the next stages
Today’s development is the submission of the draft for discussion. Approval of the final budget and the individual legislative or administrative measures are separate stages. The announcement alone does not open housing programme applications or confirm any individual’s entitlement to a payment.
The economic team identifies energy price fluctuations, geopolitical tensions and trade restrictions as risks. These may affect the assumptions underlying its forecasts.
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