Government submits €12.9bn 2025 budget

The government on Thursday submitted to parliament the state budget for fiscal year 2025, with projected total expenditures of €12.9 billion and revenues of €10.3 billion.

Direct and indirect taxes account for €8.48 billion, or about 80 per cent of total revenues.

On the other side of the equation, the total expenditures of €12.93 billion are slightly lower than for 2024 – mostly due to less spending on servicing the public debt.

Spending on debt servicing is projected to come to €2.75 billion...