Thursday, Jul. 29, 2010
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Greece's state budget deficit fell significantly in the first two months of 2010, despite the fact that revenue growth fell behind the annual target, the Bank of Greece said on Wednesday. The central bank, in a report, said that the central government's budget deficit fell to 1.6 billion euros in the January-February period, from 3.4 billion euros in the corresponding period in 2009. In the first two months of the year, regular budget's revenues totaled 7.9 billion euros, for a growth rate of 6.5 pct down from an annual growth target of 10.8 pct. Spending fell to 8.5 billion euros, for a decline of 1.0 pct but down from a 2.2 pct annual decline target. The central bank said the state budget's primary deficit fell to736 million euros in January-February, down from a shortfall of 2.2 billion euros last year. ♠ Courtesy of ANA-MPA
In Other NewsIMF: Greece 'on track' Jul 18, 2010 E-tax statements sharply up Jul 13, 2010 Greek Leader Finds Balm for Deficit: Straight Talk (New York Times): Jun 16, 2010 Paul Krugman: America not Greece, so ignore fear mongering (Houston Chronicle): May 15, 2010 Even America fears being hit by Greek contagion (Times Online): May 08, 2010 Greece's lesson for the U.S.: When bond investors turn on you, it's over (Los Angeles Times): May 02, 2010
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