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Athens News Agency: News in English, 00-12-23

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greece-Budget voted

  • [01] Greece-Budget voted

    23/12/2000 01:11:03

    Parliament in the early hours of Saturday passed the budget for 2001, the first to show a surplus in decades and the last before euro-zone entry on January 1.

    Voting in favour of the budget, which forecasts a surplus of 210 billion drachmas, were 157 deputies, with 141 voting against. One deputy voted only in favour of national defence and the presidency of the republic. One parliamentarian was absent in the roll-call vote from the 300-member house.

    The budget, the first to be formulated in euros, allows tax relief for low-and middle-income earners and boosts state spending on education, health, pensions and employment. Total spending is 12.6 trillion drachmas, an increase of 8.2 per cent on the previous year.

    Rising investment and restraints on consumer spending are expected to aid a reduction in the public debt as a percentage of GDP.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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