Q1-2012 central government deficit lower than targeted | Eurobank
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Q1-2012 central government deficit lower than targeted

Greece’s state budget execution (preliminary) data for the three months of 2012 recorded a betterthan-expected deficit outcome (Table 1 at the last page of this document). Specifically, the overall deficit of the central government budget amounted to ca 7.302mn, compared to a targeted shortfall of €8.596mn (i.e., as per the 2012 Supplementary Budget that was approved by the Greek Parliament in February). More importantly, the state budget primary balance recorded a shortfall of only €365mn, compared to a corresponding deficit target of €1.399mn and a shortfall of €1.547mn realized in the first three months of 2011