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[/P]The third day of the Plenary Session of the Parliament is underway, as part of the debate on the 2023 state budget.
The vote will take place this evening and it is expected that the state budget will be passed.
[BR][BR]The debate started at 15:00.00 with the speeches of the remaining legislators who did not speak on the second day of budget debate and will continue until 6:00 p.m., with party testimony on the budget scheduled for after 6:00 p.m.
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The parties tabled a large number of amendments that mainly concern commitments of funds for the release of which the consent of the Parliament will be required or even cuts of funds.
So far, DISY, DIKO and DIPA have declared that they will vote for the state budget, while AKEL and the Movement of Ecologists have already declared that they will vote against the budget.
The budget provides for revenues of 11,759.3 million and expenses of 11,296.0 million. The budget surplus amounts to €0.46 billion, i.e. 1.7% of GDP and the primary surplus is expected to be in the range of 3%.
Development expenditure (projects under construction, co-financed projects, training, grants to educational institutions, fixed assets, etc.etc.) are expected to increase by 12% in 2023.
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