December 20, 2017 6:36 AM

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Greek Parliament approves 2018 budget, government says last under bailout

Greece's Parliament has approved the 2018 budget. The government described it as the last under the country's multi-billion bailout. Prime Minister Alexis Tsipras told the chamber that this is the final bailout budget and the nation leave behind a period nobody will want to remember. He said the government has regained credibility in managing public funds. <br/>The Greek Finance Ministry is maintaining high taxation with the aim of collecting a budget surplus equivalent to 3.8 percent of gross domestic product (GDP), excluding debt payments in 2018.And the economy is expected to grow by 2.5 percent, compared to 1.6 percent this year. Defence Minister and government coalition partner Panos Kammenos said this is the first budget of normality in the past seven years.

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