Parliament approves 2016 budget
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
Ships docked due to strong windsPanos - Jan 18, 2018
All departures from the ports of Rafina and Lavrio have been cancelled due to strong winds on Thursday. The south…
Red “Fallen Angel” sculpture in Paleo Faliro fell overnight!Panos - Jan 18, 2018
A sculpture called “Phylax” located in the municipality of Paleo Faliro that had caused quite the controversy was found on…