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Monday, 13 August 2012 22:33

Budget Plan for 2013 and 2014

The Government has approved the Budget Plan for 2013 and 2014

  • It includes a combined adjustment between increase in revenue and cutbacks in expenditure of 39 billion euros in 2013, and 50.1 billion in 2014.
  • All the Public Administrations will contribute to achieving the budget stability goals.
  • This guarantees compliance with the fiscal consolidation path in order to bring the overall deficit of the Public Administrations down to 4.5% of GDP next year, and to 2.8% in 2014.
  • The economy will once again grow, at a rate of 1.2%, and jobs will be created in 2014, thanks to the correction of imbalances and to the efforts of all.

 

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