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Athens News Agency: News in English, 10-11-17
CONTENTS
[01] Gov't finalises 2011 budget
[01] Gov't finalises 2011 budget
(ANA-MPA) -- The Greek government finalised decisions over a 2011
budget plan after a meeting between Finance Minister George
Papaconstantinou and EU-ECB-IMF "troika" officials in Athens on
Wednesday. The meeting was attended by Lucas Papademos, a former
European Central Bank vice-president and currently an adviser to Prime
Minister George Papandreou.
The budget will be tabled to Parliament on Thursday. (ANA-MPA)
Finance ministry officials said than an additional fiscal adjustment,
following an upwards revision of the countryâs fiscal deficit for 2009
and 2010, (ANA-MPA) would be made fully in 2011, with the fiscal
deficit expected to be cut from 22 billion euros to 17 billion euros.
The memorandum, signed with the EU, ECB and IMF, already envisages
measures to cut the deficit, worth 9.15 billion euros, with additional
measures expected to be included in the new budget, measures aimed to
save an additional 3.5-4.0 billion euros. These measures will focus
mainly on further cuts in public spending and will not mean more
decreases in salaries and pensions, the finance ministry reassured.
(ANA-MPA)
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