Government Unveils 2026 Budget With GDP Growth, Debt Reduction
The Government has submitted its State Budget proposal for 2026 to Parliament, with predictions of GDP growth and debt reduction. The budget will be discussed and voted on later this month, ahead of local elections.
The Government anticipates GDP growth of 2% in 2023 and 2.3% in 2026. It aims to achieve surpluses of 0.3% of GDP in 2023 and 0.1% of GDP in 2026. The budget also estimates a reduction in the debt ratio to 90.2% of GDP in 2025 and 87.8% of GDP in 2026.
The budget proposal was delivered to Parliament on Thursday, ahead of schedule. It will be discussed and voted on in general between October 27 and 28. The final global vote is scheduled for November 27.
The Government's State Budget proposal for 2026, with its growth and debt reduction estimates, is now under parliamentary scrutiny. The budget process is on track, with discussions and votes planned for later this month.
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