Next year's government budget will be € 5.4 bn

20 Tetor 2022, 18:29Economy TEMA

The government budget next year will be 5.4 billion euros, 17.4% bigger than this year. According to the recent figures released by the Finance Ministry, budget expenditure will be 5.9 billion euros.

With these figures, trade deficit is expected to be $ 1 billion, accounting for 5.4% of Gross Domestic Product.

The increase in prices, the rise in imports and the constant economic recovery are expected to contribute towards an increase in revenues. However, economic growth will be lower than projected, at only 2.6%.

Next year's budget shows that public debt for next year is expected to be 12.5 billion euros, down 1.4%

The government will also allocate a special fund for a 7% increase of salaries for public sector employees and teachers.

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