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According to the final State Budget Execution data for January – July 2016, the budget balance recorded a deficit of ca €0.83 bn, improved by €2.65 bn relatively to the respective 2016 Budget (B16) target (deficit €3.49 bn). The primary balance recorded a surplus of ca €3.55 bn, again significantly outperforming the B16 target (primary deficit of ca €0.87 bn)