Greece’s 2016 budget sees milder economic contraction

20 November 2015
89 Views

Greece’s final 2016 budget plan projects a milder contraction than previously forecast with the economy expected to shrink by 0.7 percent next year.

The budget, submitted to parliament on Friday, maintained a primary surplus target of 0.5 percent of gross domestic product in 2016 and projected privatisation revenues of 1.9 billion euros, lower than a 3.7 billion euro target under its bailout.

The leftwing government expects to tap bond markets in the second half of 2016, the budget plan said.

Public debt is projected to reach 187.8 percent of GDP in 2016 from 180.2 percent this year.

Reuters

You may be interested

Syros: Greek tradition & western influence come to a harmonious marriage
GREECE
shares127 views
GREECE
shares127 views

Syros: Greek tradition & western influence come to a harmonious marriage

Panos - Oct 20, 2017

Ermoúpoli (meaning “the city of Hermes”) is the island’s capital town and has been the first important trade and industrial…

Environment may have partially led to the fall of Queen Cleopatra, research suggests
WORLD
shares119 views
WORLD
shares119 views

Environment may have partially led to the fall of Queen Cleopatra, research suggests

Panos - Oct 20, 2017

Environmental records and historic documents suggest a volcanic eruption could have aided the Romans in victory According to a report…

Greek astronomer in Germany discovers spindle-like galaxies
GREECE
shares106 views
GREECE
shares106 views

Greek astronomer in Germany discovers spindle-like galaxies

Panos - Oct 20, 2017

Athanasia Tatsi is another Greek scientist at the forefront of global scientific research this time in the field of Astronomy.…

Leave a Comment

Your email address will not be published.