UP

Greek parliament approves 2017 budget

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Greek lawmakers approved the country’s 2017 budget on Saturday, projecting a return to strong economic growth next year but also imposing a wave of tax hikes and austerity cuts prescribed by its international lenders.

Axar.az informs, Athens estimates its economy will expand by 2.7 percent in 2017, supported by the trickle-down impact of bailout cash inflows and resurgent private demand. It also sees a primary surplus, excluding debt-servicing costs, of 2 percent of GDP.

If achieved, it would be the first signs of growth for the recession-battered economy since a short period in 2014.

The budget was approved by 152 lawmakers in the 300-seat parliament. Prime Minister Alexis Tsipras called it “a budget “of optimism, growth and economic recovery”.

Date
2016.12.11 / 09:57
Author
Axar.az
Comments
See also

The price of oil today

Oil became cheaper

Decision on discount rate from FED

Oil became more expensive

Oil continues to rise in price

Oil started the week with this price

Oil ended the week at this price

Oil exceeded 85 dollars

Azerbaijan currency rates

Oil rose again

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla