Biggest Blow to Health Sector as Greek Government Prepares to Slash €500 Million

A circular sent out to ministries and state entities by Alternate Finance Minister Giorgos Houliarakis announced that the government will be slashing state expenditures for 2018 by 500 million euros.

The main focus of the cutbacks will be in the health care sector, according to ekathimerini.com, while other sectors such as pensions and salaries will see an increase in credit.

Expenditure is estimated to amount to 56.1 billion euros in 2018, down from 56.6 billion euros in 2017, while the credit to the Health Ministry in specific will be slashed from 4.3 billion euros in 2017 to only 3.7 billion for 2018.