ECONOMY

MPs to begin debating Greece’s 2015 draft budget

MPs are due to begin discussing the details of the 2015 draft budget on Tuesday.

The Economic Affairs Committee will debate the draft budget during three sessions before the document is returned to the Finance Ministry for final changes.

The budget has to be submitted to Parliament at least 40 days before the end of the year. The House is due to vote on next year’s economic plan in December.

The government expects to report a primary budget surplus of 2.9 percent of GDP next year, just shy of the 3 percent target set under the country’s 240-billion-euro EU/IMF bailout.

The budget also predicts that Greece’s economy will grow 2.9 percent next year, in line with the bailout target.

Unemployment is expected to fall to 22.5 percent in 2015 from 24.5 percent this year, while debt is expected to fall to 168 percent of GDP from 175 percent this year, according to the draft budget.