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Athens News Agency: News in English, 10-03-12

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Deficit down 77.4% in Jan-Feb

  • [01] Deficit down 77.4% in Jan-Feb

    (ANA-MPA) -- Budget revenues surpassed budget targets in the first two months of 2010, while spending was lower compared with budget targets for the year, official figures showed on Friday.

    A report by the General Accounting Office said net budget revenues grew 13.1 pct in the January-February period, up from a budget target for a growth rate of 10.8 pct this year. Spending fell 9.6 pct, from a budget target for a annual decline rate of 2.8 pct, with primary spending down 9.3 pct and interest spending down 12.8 pct.

    The state budget‚s deficit dropped 77.4 pct in the two-month period, sharply up from a budget target of 27 pct, to 903 million euros, from 3.986 billion euros in the corresponding period in 2009.

    Caption: ANA-MPA file photo.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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