Fiscal policy

Disabled citizens protest pension and benefits cuts

Dozens of disabled citizens gathered outside the Labor Ministry in Athens on Tuesday to protest reductions to their benefits and pensions imposed as part of a broader government austerity program.

In a statement, the union representing the country's disabled also requested free medical care for all categories of disabled persons.

Greece to stick close to 2015 budget surplus target, official says

Greece plans to lower its 2015 primary surplus target of 3 percent only marginally, sticking "close to" the number in its budget on Monday, a finance ministry official said on Friday.

The official was responding to reports of a bigger cut to accommodate tax relief measures.

Business, Trade Unions Reject Draft Budget Update

Both business and trade unions in Bulgaria want the draft budget update to be withdrawn, said the head of the Bulgarian Industrial Capital Vasil Velev, quoted by Darik radio.

Representing a common position, Velev defined the proposed update, which includes a deficit of 4% and a new state debt of BGN 4.5 B, as "radical".

Fiscal Council: Deficit at 8.5%, public debt at 71% of GDP

BELGRADE - The Fiscal Council of Serbia released on Tuesday that the country's deficit could total RSD 147 billion or around 8.5 percent of the GDP, while the public debt added up to EUR 22.4 billion or around 71 percent of the GDP at the end of August 2014, which constitutes a EUR 1.66 billion increase since the beginning of the year.

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