Inflation triggers political machinations, move to increase budget spending

PoliticsGreek Politics Tags: Budget, Cost of living, KINAL, Mitsotakis, New Democracy, SYRIZA
Photo by MacroPolis
Photo by MacroPolis

The government is set to submit a supplementary budget that will allow it to increase spending by as much as 2 billion euros compared to the initial budget for 2022, underlining the pressure that New Democracy is under to find solutions to the cost-of-living crisis, not only to help households and businesses but also to stop the party’s slide in opinion polls.

Finance Minister Christos Staikouras revealed on Wednesday that an adjustment to this year’s economic plan is being prepared and will be tabled in Parliament shortly. He explained that the intervention will increase this year’s government spending ceili...

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