Greece unveils its painful 2016 draft budget on Monday in the hope of appeasing its international creditors (EC, ECB, IMF, ESM) and meetings its pledges for the third bailout agreement. The goal of the budget is to navigate Greece on the choppy seas towards growth in 2017.

The bailout deal has kept Greece in the eurozone but with strict supervision. 86 billion euros worth of bailout funds are attached to the budget.

Greece’s economy is forecast to shrink by another 2.3% in 2015 and 0.5% in 2016 while public debt will escalate to 196% of the GDP in 2015 and 201% in 2016.

The government’s goal now is to complete the first bailout review so that Greek banks can be recapitalized as soon as possible following the capital controls imposed over summer.

After seven months of negotiations put Greece in even worse dire straits that anticipated, the government’s new line is to comply in the hope of some debt relief for Greece.

Finance Minister Euclid Tsakalotos is meeting with his eurozone counterparts in Luxembourg on Monday evening to discuss reforms that need to be implemented by mid-November so that Greece can meet with the terms required to receive the next tranche from the bailout fund.