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Monday, January 30, 2023
HomeEconomyStaikoura's message for the budget: Prudent fiscal management for the country's economic...

Staikoura’s message for the budget: Prudent fiscal management for the country’s economic defense

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The Draft State Budget 2023 is the first budget outside the framework of memorandum surveillance or enhanced surveillance.

“The main weapon of economic defense of the country is prudent fiscal management directing the resources available to mitigate the consequences of the energy crisis in Greek society and the productive fabric of the country” was the message sent on Monday by the Minister of Finance Christos Staikouras on the occasion of the submission of the Draft State Budget of 2023 to the Parliament.

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Expected growth rate 5.3% this year, and 2.1% of the year, with average inflation of 8.8% and 3% respectively. Investment is also forecast to explode by 10% this year, and 16% in 2023 with unemployment falling from 12.6 to 12.3%. Also, a smaller primary deficit of 1.7% this year and a smaller primary surplus of 0.7% of GDP in 2023, compared to 2% and 1% respectively in the stability programme.

The draft incorporates all the measures he announced the prime minister in the TIF amounting to 3.5 billion euros for 2023, but also an additional 1 billion euros in reserve for increased costs to deal with the energy crisis.

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It is noted that the Draft State Budget of 2023 is the first budget outside the framework of memorandum surveillance or enhanced surveillance.

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