Ninth austerity package (Greece)

Ninth austerity package - May 2014 measures
Coat of arms of Greece
Hellenic Republic
Medium-term Fiscal Strategy plan 2015-2018
(Law 4263/2014)
Territorial extent Greece
Enacted by Hellenic Parliament
Date passed 9 May 2014 (For: 150; Against: 119)
Date assented to 13 May 2014
Date commenced 14 May 2014
Legislative history
Bill published on 30 April 2014
Introduced by Government of Greece
First reading 30 April 2014
Second reading 4 May 2014
Third reading 8-9 May 2014
Committee report Report of the Standing Committee of Financial Affairs
Status: In force

The ninth austerity package was a fewer painful measures package than the previous measures packages. It was imported by the government on April 2014 and was approved by parliament on 9 May 2014 with 150 votes for and 119 against.[1][2] It included provisions about Greek economic policy during the four next years. The bill's title was Medium-term Fiscal Strategy plan 2015-2018 and the relevant law is the 4263/2014.

The bill provided freeze of wages and pensions over a period of the next four years, until 2018.[3] Also it provided cuts public sector's expenses[4] such as cuts for the expenses of the Ministry of Health among others.[5] It also provided that the primary surplus in 2014 will be 2.3% GDP (4.19 billion euros) whereas in 2018 will be 5.3% (11.585 billion euros).[3]

See also

References

  1. ↑ "Βουλή: Ψηφίστηκε το Μεσοπρόθεσμο 2015-18". tovima.gr. Retrieved 29 July 2015.
  2. ↑ "Greek parliament backs new bailout bill". dailymail.co.uk. Retrieved 29 July 2015.
  3. 1 2 "Mid term plans include freezing wage and pension expenses". tovima.gr. Retrieved 29 July 2015.
  4. ↑ "This is the new Medium Term - 5.5 billion public sector cuts till 2018". protothema.gr. Retrieved 29 July 2015.
  5. ↑ "Νέα μέτρα και άγρια λιτότητα κρύβει το Μεσοπρόθεσμο". newsbomb.gr. Retrieved 29 July 2015.
This article is issued from Wikipedia - version of the 5/23/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.