Greece sticks to bailout targets in draft 2016 budget

October 5, 2015 5:27 PM

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ATHENS Oct 5 Greece stuck strictly to the targets enshrined in its international bailout programme in unveiling a draft budget which sees the economy shrinking by 1.3 percent in 2016 before returning to growth in 2017.

The draft budget, which was submitted to parliament by the finance ministry, sees a primary fiscal surplus before debt service costs of 0.5 percent of GDP next year after a 0.24 percent primary deficit in 2015.

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