The debate on the 2023 state budget will be concluded today with speeches and statements by MPs in the Plenary Session of the Parliament.[/B]
The vote will take place in the evening and the state budget is expected to be passed.
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So far, DISY, DIKO and DIPA have declared that they will vote for the state budget, while AKEL has already declared that it will vote against the budget.
The budget provides for revenue of €11,759.3 million and expenditure 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 3% range.
Development expenditure (projects under construction, co-financed projects, training, grants to educational institutions, fixed assets, etc.) is expected to increase by 12% in 2023.
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