Tags: EU | Greece | Bailout

Greek Government to Submit Draft 2016 Budget to Parliament

Greek Government to Submit Draft 2016 Budget to Parliament

Monday, 05 October 2015 08:24 AM EDT

ATHENS, Greece (AP) — Greece's new coalition government is to submit its draft 2016 budget to parliament, which will include a series of reforms required under the country's new three-year, 86 billion euro ($96 billion) international bailout.

Prime Minister Alexis Tsipras, re-elected last month, is also to announce his government's policies during a parliament speech Monday evening.

The new budget is expected to include the abolition of certain tax breaks as well as increases in taxation and a tightening of laws on tax avoidance and evasion.

Finance ministers from eurozone countries, known as the Eurogroup, are to meet in Luxembourg later Monday to discuss the measures Greece must take to comply with its bailout. Beforehand, Finance Minister Euclid Tsakalotos was to meet with Eurogroup head Jeroen Dijsselbloem and French Finance Minister Michel Sapin.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Greece's new coalition government is to submit its draft 2016 budget to parliament, which will include a series of reforms required under the country's new three-year, 86 billion euro ($96 billion) international bailout.Prime Minister Alexis Tsipras, re-elected last month,...
EU,Greece,Bailout
132
2015-24-05
Monday, 05 October 2015 08:24 AM
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