The establishment of the dictatorial Regime of the Fourth of August and the ensuing change in the form of the constitution did not bring about any innovations as far as managing the country's finances was concerned. The policy of the previous period (1932-36) was not questioned but was continued with certain alterations. Special care was taken by the Regime in the area of agriculture, especially as regards increases in production with the expansion of credit relations. On the other hand, the economic and political oppression at the expense of working people and the producers became more intense through various forms of financial control and social suppression. It is characteristic that at a time when industrial production increased by 179% and overall economic activity reached 138%, wages increased by an appreciably smaller margin.
The effort of the dictatorship to exercise an essentially paternalistic policy beneficial to the people resulted in the enactment of the law concerning 'social security' (establishment of IKA-Social Securities Institute), passed in 1934. The agricultural sector was reinforced with the imposition of security prices on main agricultural products and with the promotion of intensive cultivation. From existing data it can be seen that the dictatorship made the most of its authority in its first three years to achieve a significant increase in the national revenue and the decrease of unemployement as well. Finally, it must be noted that a significant part of the national revenue was used for the purpose of armament, preparing the country's defences for the looming Fascist threat.