Greek 10-month deficit better than target, at 12.3 bln euros

Greece’s 10-month budget deficit, to October, came in at 12.3 billion euros, 41.9 percent lower than the same period last year and 1.1 billion euros better than the government’s target.

According to the Finance Ministry statement on Tuesday, the primary deficit stood at 1.1 billion euros in October, 80.5 percent lower than last year or 1.1 billion better than the target.

October produced a budget surplus of 461 million euros and a primary surplus of 930 million euros.

The ministry also said on Tuesday that central government debt for the third quarter of 2012 remained stable at 303.5 billion euros, virtually unchanged from the previous quarter.