Greece

Greek Parliament passes 2013 budget


Published

The Greek government managed to pass its 2013 budget comfortably after a tight fight to pass further austerity measures last week.

The official news release from the AMNA news agency is as follows:

“The Greek parliament passed the 2013 state budget in the early hours of Monday, after a three-day debate in the plenary that wound up at midnight Sunday with a vote.

The budget was passed by 167 votes for, 128 votes against while four deputies declared themselves present in the 300-member parliament, carried by the votes of MPs from the New Democracy (ND) party, PASOK and the Democratic Left (DIMAR), the three parties backing the coalition government of Prime Minister Antonis Samaras. 299 MPs participated in the vote.

Wrapping up the parliamentary debate, premier Samaras said the country will either exit the crisis united or not at all, calling on all political and social forces of the country to rally for the former.
The prime minister also assured that the financing of the medium-term adjustment programme will go ahead without obstacles.

According to the 2013 budget, the country’s general government deficit is expected to fall to 5.2 pct of GDP in 2013, slightly improved from the 6.6-pct figure this year, while the government will present a primary budget surplus of around 0.4 pct of GDP (after capital spending).

Capital spending is expected to fall by 24.2 pct to 4.9 pct of GDP in 2013 from 6.0 pct of GDP in 2012.”

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com