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Public-sector pay, pensions and benefits to increase in 2024 budget

The funds for investments financed from the Public Investments Programme will rise to 8.0 billion euros, while 4.34 billion euros will be given via the Recovery fund.

Salaries in the public sector, pensions and family benefits are to increase under the new budget for 2024, based on a circular sent by Deputy National Economy Minister Thanos Petralias to ministry services, which provides for an increase in public-sector spending of 4.0 billion euros.

The General Government budget limit is to increase to 72.7 billion euros from 68.7 billion euros in 2023, while the upper limit for regular budget spending will rise to 68.78 billion euros, to which will be added 6.9 billion euros in spending to cover loan obligations in 2024, from 5.1 billion euros in 2023.

The funds for investments financed from the Public Investments Programme will rise to 8.0 billion euros, while 4.34 billion euros will be given via the Recovery fund. There will also be a 900-million-euro increase in spending on social transfers, which include salaries, pensions, benefits and subsidies and an increase on health and education by 400 million euros and 180 million euros, respectively.

AMNA

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