Deficit better than expected

The Finance Ministry published on Thursday its provisional budget execution data for the first nine months of the year that paint a not-so-bleak picture given that the deficit is smaller than originally forecast.

Official figures showed the budget deficit at 12.65 billion euros in the year’s first three quarters, against a target for 13.51 billion set by the budget.

In the same period the primary deficit came to 1.998 billion euros.

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