Budget: The Government’s 2023 Borrowing Plan at around 7 Bln Euros

November 22, 2022

ATHENS – The 2023 budget foresees limited borrowing from the markets for the Greek state. The issue of green bonds, as well as those intended for the financing of sustainable development, will be attempted next year, however, depending on the conditions prevailing in the markets.

The loan strategy for 2023 is expected to be limited, in terms of the total amount of issues, i.e. at levels similar to those of 2022 (around 7 billion euros).

This choice is based both on the high cash reserves of the Greek state, combined with the increased disbursements to the state from the financing schemes that have already been decided at a European level to deal with the pandemic and the energy crisis, as well as the relatively limited financing needs for 2023.

FinMin Staikouras: Greece demonstrating higher resilience than the European average

Greece is growing strongly in 2022 amidst difficult circumstances, demonstrating higher resilience than the European average, Finance Minister Christos Staikouras said on Tuesday in the context of the 5th Athens Investment Forum, entitled: “Sustainable development and digital transformation”, held at the Athens Concert Hall and co-organised by the Technical Chamber of Greece (TEE) and Vertical Solutions.

According to the minister, based on the most conservative estimates, Greece has reached growth rates of 5.6%, while it may exceed 6%, a rate twice the European average.

Forecasts speak of strong growth in 2023 as well, estimated at 1.8%, three times the European average.

Staikouras referred to the increase in consumption, while this year, as he said, a new historical record in investments and exports is expected. In fact, according to the European Commission, Greece is expected to be the champion among all member-states in exports until 2024, having already reached 41% of GDP.


ATHENS - Greece’s National Security Intergovernmental Council (KYSEA) gave the ok for the country to take part in a  European Union naval mission in the Red Sea to protect merchant ships from attacks by Iran-backed Houthis in Yemen.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


THE HAGUE (AP) — The United Nations’ highest court on Monday wrapped up historic proceedings into the legality of Israel’s 57-year occupation of lands sought by Palestinians for a future state, with most voices at the hearing arguing against the Israeli government.

NEW YORK (AP) — Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge’s finding that Trump lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.

BUDAPEST, Hungary (AP) — Hungary’s parliament voted Monday to ratify Sweden's bid to join NATO, bringing an end to more than 18 months of delays that have frustrated the alliance as it seeks to expand in response to Russia's war in Ukraine.

NEW YORK (AP) — New York City is marking the anniversary of the 1993 bombing at the old World Trade Center that blew apart a van parked in an underground garage, killing six people and injured more than 1,000.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.