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To achieve this would involve additional fiscal measures, including cuts to government spending.
Parliament pushed through some debt-reducing measures, including cuts to local government and tax hikes.
The austerity measures, including cuts to fuel subsidies, have provoked a spate of small antigovernment demonstrations.
On Wednesday, the government introduced several such measures, including cuts in business and transaction taxes for real estate sales.
Measures including cuts in interest rates, collective action to help third countries and more prudential supervision of the banking sector should be taken immediately.
Despite increased consumer confidence, the retail sector is grappling with fierce competition, the rise of online shopping and uncertainty among some customers as the government brings in more austerity measures, including cuts to tax credits.
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Other cost-cutting measures include cuts of about 35% to heavy artillery, and a 40% reduction in the numbers of Challenger 2 tanks.
The plan's long-term measures included cuts in corporate welfare, as well as measures to make pensions more portable; to raise the minimum wage by $1.50, to $6.65, an hour by 2004; and to make the treatment of corporate executives' stock and pension plans more commensurate to that of employee plans.
BUDAPEST — The prime minister of Hungary, Viktor Orban, introduced a mix of cost-cutting and tax measures Tuesday, including cuts in public-sector wages and new levies on banks, as part of its efforts to reassure jittery investors that the country could reach its budgetary targets.
If the parties do not accept the measures — including wage cuts, pension cuts and proposed new taxes on small businesses — Greece could face an unruly default in March that might force it to leave the euro zone.
Nonetheless, austerity measures were instituted, including cuts in public services.
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