December 18, 2022
1 min read

Greek parliament approves 2023 state budget

The year 2022 would close with 5.6 percent of GDP growth and 9.7 percent of inflation, according to the budget which was passed with the votes of 156 lawmakers in the 300-member strong plenary…reports Asian Lite News

Greek parliament ratified on Saturday the 2023 state budget, which foresees 1.8 percent gross domestic product (GDP) growth and a 5 percent inflation rate for the year.

Initial estimates of 2.1 percent and 3 percent respectively given in October, were revised amidst continuing great uncertainty globally due to the energy crisis, the Finance ministry said in a press release.

The year 2022 would close with 5.6 percent of GDP growth and 9.7 percent of inflation, according to the budget which was passed with the votes of 156 lawmakers in the 300-member strong plenary.

“Economic growth and social welfare, bold reforms and prudence. These are the principles permeating our budget,” Greek Prime Minister (PM) Kyriakos Mitsotakis said in a speech shortly before the voting.

The state has supported society to cope with increased living costs with more than 15.1 billion euros (16 billion U.S. dollars) to date, while more support measures will be introduced in 2023,  Greek public broadcaster ERT reported, quoting the PM.

He also said that the year 2023 will register a primary surplus of 0.7 percent of GDP. In 2022, the country reported a deficit of 1.6 percent of GDP.

“The year 2022 will be the last one with a primary deficit. From 2023 economy returns to primary surpluses,” he said.

ALSO READ: Modi dials Putin, discuss Ukraine war

Previous Story

Quadrilateral agreement inked on Black Sea electric cable

Next Story

Russia to invest $69 mn in quantum communication network

Latest from -Top News

UN slams resumption of Houthi attacks

In the first such incidents for more than six months, the Yemeni group seized and then scuttled two Liberian-flagged bulk carriers operated by Greek shipping firms, leaving four seafarers presumed dead and

Aboulela awarded PEN Pinter prize

Born to an Egyptian mother and Sudanese father, Aboulela grew up in a Khartoum where British colonial echoes mingled with the call to prayer Sudanese-British novelist Leila Aboulela has been named winner

Afghans Flood Home, UN Sounds Alarm

UNHCR head in Afghanistan, Arafat Jamal, said that the country is not well prepared to receive this influx of returnees…reports Asian Lite news The UN High Commissioner for Refugees (UNHCR) has raised

Bangladesh-US Talks Hit a Wall

Bangladesh is among the first nations to return to the negotiating table following Trump’s July 7 letter addressed to 14 countries….reports Asian Lite News The second round of three-day tariff talks between

India Doubles Down on Indo-Pacific

India reaffirms its strategic commitment to a free, inclusive, and rules-based Indo-Pacific under the SAGAR vision…reports Asian Lite Newsa India has reaffirmed its growing engagement in the Indo-Pacific, guided by its SAGAR
Go toTop

Don't Miss

Greek conservatives win in regional elections

The regional elections came as a political test for the

Naftali hosts trilateral meeting with Greek, Cypriot leaders

Israeli Prime Minister Naftali Bennett hosted Cypriot President Nicos Anastasiades