Greek Parl Adopts 2014 Budget Plan
Monday, 09 December 2013
Greece's parliament approved next year’s budget plan envisaging over 3.0 billion euro of austerity cuts, Reuters reported.
"This is a historic day," prime minister Antonis Samaras told parliament, as quoted by the news agency. "People's sacrifices bore fruit and changed the course of the country."
A total of 153 MPs in the 300-seat house voted in favour of the 2014 budget plan.
The government expects a budget surplus before interest payments at 812 million euro in 2013 thanks to higher than expected tax revenues.
However, Greece’s international lenders have not approved the plan, which sticks to a target for a primary budget surplus (before interest costs) of about 1.5% of GDP next year.