Parliament approves 2016 budget

6 December 2015
75 Views

Greek Parliament passed the 2016 budget in the early hours of Sunday morning without any surprises.

All 153 coalition MPs voted in favor of the economic plan while 145 lawmakers opposed it and two deputies were absent. The vote concluded at around 1.30 a.m. on Sunday following five days of debate in the House.

The budget forecasts a contraction of 0.7 percent next year. It maintains a primary surplus target of 0.5 percent of GDP in 2016 and projected privatisation revenues of 1.9 billion euros.

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

You may be interested

Nearly 1,500 refugees passed into Greece in August
GREECE
shares141 views
GREECE
shares141 views

Nearly 1,500 refugees passed into Greece in August

makis - Aug 18, 2017

The number of refugees and illegal migrants that have landed in the Greek islands of the northern Aegean Sea have…

Father arrested after prostituting daughter for 5 euros
GREECE
shares121 views
GREECE
shares121 views

Father arrested after prostituting daughter for 5 euros

makis - Aug 18, 2017

A father was detained by police after it was revealed that he had been allegedly prostituting his 14-year-old girl on…

Greece does not recognise communist regime crimes
GREECE
shares106 views
GREECE
shares106 views

Greece does not recognise communist regime crimes

makis - Aug 18, 2017

The Greek government declined to take part in an international conference that denounces crimes committed by communist regimes. The Greek…

Leave a Comment

Your email address will not be published.