Looking ahead: Greece prepares to approve budget
The budget plans for Greece’s deep recession to end next year with 0.6 percent growth.
ATHENS:
Greece’s parliament prepared to approve next year’s budget, which forecasts an end to the recession that has gripped the country since 2008.
The coalition government has a four-seat majority in parliament, and the budget is expected to pass, notably since more controversial legislation covering property issues will be debated separately next week. “I do not expect [a setback],” Finance Minister Yannis Stournaras said in reference to the budget vote.
The budget plans for Greece’s deep recession to end next year with 0.6 percent growth following a 4.0 percent contraction in 2013. The text submitted to lawmakers also forecasts an extra $2.8 billion in tax revenue and a €3.1 billion cut to state spending.
Published in The Express Tribune, December 8th, 2013.
Greece’s parliament prepared to approve next year’s budget, which forecasts an end to the recession that has gripped the country since 2008.
The coalition government has a four-seat majority in parliament, and the budget is expected to pass, notably since more controversial legislation covering property issues will be debated separately next week. “I do not expect [a setback],” Finance Minister Yannis Stournaras said in reference to the budget vote.
The budget plans for Greece’s deep recession to end next year with 0.6 percent growth following a 4.0 percent contraction in 2013. The text submitted to lawmakers also forecasts an extra $2.8 billion in tax revenue and a €3.1 billion cut to state spending.
Published in The Express Tribune, December 8th, 2013.