Bloomberg reporting on an article by Greek newspaper Efimerida ton Syntakton
- Greece's draft 2016 budget to be submitted to parliament later today will cut revenue forecast by €3.37bln
- savings will need to be found from the public investment budget or from tax increases
- draft budget to forecast GDP contracting 1-1.3% in 2016
- sees 2015 primary budget deficit at €450m, 0.25% of GDP
Primary budget surplus is what's set out in the terms of the country's bailout agreement but Greece still has a lot to resolve
Not to mention implementing a few reforms as I highlighted here
Tsipras - Not out of dangerous waters any time soon
