Greek Parliament Approves Next Year's Budget

World » SOUTHEAST EUROPE | December 6, 2015, Sunday // 13:23
Bulgaria: Greek Parliament Approves Next Year's Budget Greek Finance Minister Euclid Tsakalotos (L) and Prime Minister Alexis Tsipras (R) attend a parliament session prior to a budget vote in Athens, Greece, December 05, 2015. Photo by EPA/BGNES

Greece's lawmakers on Sunday narrowly approved the national budget for 2016, with all coalition MPs voting in favour.

The legislation was narrowly passed with a majority of 153-145, in the small hours of Sunday, daily Kathimerini reports.

Next year's targets include a primary budget surplus of 0.5% of gross domestic output (GDP).

Public debt will is set to rise to EUR 327.6 B or 180.2% of GDP, up from 187.8%.

Against the backdrop of dim economic prospects of a positive economic result in 2016, Prime Minister Alexis Tsipras told Parliament Greece will be able to get growth back on track in the second half of the year, possibly due to a strong tourist season.

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Tags: Alexis Tsipras, greece, budget, deficit, debt

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