The report of the Pissarides committee proposes:

The amount of public expenditure and tax revenue is deemed appropriate to increase in the medium term at a lower rate than GDP.

PARTIALLY IMPLEMENTED

Evaluation

According to the Indicative Report of the 2023 Budget (p. 44) the growth rate of the Greek GDP in 2022 is estimated at 5.6% and in 2023 it is predicted at 1.8%. Cumulatively for the period 2022-2023 the growth rate of the Greek GDP is predicted to be close to 7.4%.

Accordingly (p. 114), public spending as a percentage of GDP in 2022 is estimated to have increased by 6% (compared to the previous year), and in 2023 it is projected to decrease by 2%, respectively. Cumulatively for the period 2022-2023 the increase in public expenditure is predicted to be close to 4%.

Accordingly (p. 113), tax revenues as a percentage of GDP in 2022 are estimated to have increased by 14% (compared to the previous year), and in 2023 are projected to increase by 4%, respectively. Cumulatively for the period 2022-2023 the increase in tax revenue is predicted to be close to 18%.

Therefore, the proposal is assessed as partially implemented, as the rate of increase in tax revenues largely exceeds the corresponding increase in GDP, while the increase in expenditures is lower.

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