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Athens Macedonian News Agency: News in English, 13-06-01

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

From: The Athens News Agency at <>


  • [01] Gov't slashes public spending, investment budget for 2014

  • [01] Gov't slashes public spending, investment budget for 2014

    ANA-MPA -- The Greek government significantly lowered the spending ceiling in its regular budget and Public Investment Programme for 2014 to 48.8 billion euros, from 53.5 billion euros this year, and set stricter rules on government ministry spending in the framework of commitments included in a fiscal adjustment programme agreed with the troika of lenders (European Union, European Central Bank and International Monetary Fund).

    "In order to ensure that the goals will be achieved, a strict implementation of fiscal interventions within set timetables is necessary. Ministries must develop whatever initiative is needed to implement these interventions, to cover a fiscal gap for the period 2013-2014," Alternate Finance Minister Christos Staikouras said in a ministerial decree.

    The ministry set new, stricter caps on spending: 114 million euros-Greek Parliament, 106mln-Administrative Reform ministry, 3.535 billion-Interior ministry, 301mln-Foreign Affairs ministry, 2.385bln-Defense ministry (583mln for defense programs), 4.483bln-Health ministry, 563.1mln-Justice ministry, 5.450bln-Education ministry, 665.4mln-Finance ministry (excluding general state spending), 932.7mln-Agricultural ministry, 430.2mln-Environment ministry, 12.7 bln-Labour ministry, 3.649bln-Development ministry, 318.7mln-Shipping and the Aegean ministry, 48.966mln-Tourism ministry and 1.273bln euros for regional authorities.

    (In photo, Alternate Finance Minister Christos Staikouras, R, with visiting Eurogroup President Jeroen Dijsselbloem)

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