Pharmaceutical spending could be cut by 1.5 billion euros in 2011 compared with this year, in cooperation with all related ministries, Labour and Social Insurance Minister Louka Katseli said on Wednesday.

Speaking to reporters, after a meeting with Finance Minister George Papaconstantinou to discuss the 2011 budget for the Labour ministry.

The meeting with the Labour minister completed a round of meetings between the Finance minister and his colleagues in cabinet ministries in the framework of drafting ministry budgets and the state budget for 2011. The government will focus on cutting state spending to achieve its goal for lower fiscal deficits