Latest budget execution data point to a likely outperformance of the revised fiscal targets for FY-2012 | Eurobank
Επιλέξτε γλώσσα Top Menu Main Menu Extra Button Menu Page Contents Footer Αναζήτηση

Latest budget execution data point to a likely outperformance of the revised fiscal targets for FY-2012

The latest available data (December 2012) on the execution of the State Budget portray a pretty encouraging picture as regards the fulfillment of the revised full-year fiscal targets agreed with official lenders
That is, despite the deeper-than-expected recession and certain underlying soft spots, primarily in the form of weak VAT and other indirect tax collections as well as increased state transfers to the social security system to offset weak business and employee contributions
Note that the full-year 2012 general government accounts in ESA95 terms will not be out before March 2013, as the data will need to incorporate the realization of certain expenditure and revenue items over the first two months of this year...