President of the Republic Nicos Anastasiades, thanked parliamentary parties on Thursday for approving the state budget for 2023.
In a message on Twitter, he said “I thank the parliamentary parties for voting in favour of the budget”.
“It is increased but also in surplus, it (the budget) strengthens the welfare state, economic activity and includes important development projects, leading to the Cyprus of tomorrow”, he added.
The 2023 state budget is the last budget tabled by the ten-year administration of outgoing President Nicos Anastasiades.
The budget was approved by 29 votes in favour and 24 against.
The budget provides for general government revenue amounting to €11.76 billion and expenditure amounting to €11.29 billion. The budget features fiscal surplus of €0.46 billion corresponding to 1.7% of GDP while primary (excluding debt servicing expenditure) is estimated a 3% of GDP.
Source: Cyprus News Agency