Greece's Parliament has passed the 2015 budget which projects a narrowing deficit and an economic growth rate of 2.9 percent.

The budget passed early Monday on a vote of 115 to 134, with one deputy voting "present."

The budget's approval, coming at the end of a 5-day debate, was expected. One independent lawmaker, formerly of the Democratic Left party, joined members of the government coalition in supporting the budget.

The budget forecasts that the Greek economy will grow at a rate of 2.9 percent in 2015. The budget projects Greece's primary surplus — which excludes interest payments on outstanding debt — will be 3 percent of GDP, but Greece's creditors anticipate a lower surplus. The budget sees the deficit narrowing to 0.2 percent of GDP next year, down from 1.3 percent this year.