There is a gap of 4.586 billion Euros in the execution of state budget during January-August period. As result of differences, the budget deficit has raised to 18.1 billion Euros, against 14.8 billion in the corresponding period last year.
Moreover, the Greek Finance Ministry announced:
According to the preliminary data available for the execution of the State Budget for the eight months January – August 2011, on a fiscal basis, the deficit amounts to 18,101 million Euros compared to the new target of 18,974 million Euros set in the 2011 MTFS. During the same period in 2010, the State Budget deficit amounted to 14,813 million Euros.
On State Budget (Ordinary and Public Investment Budget), expenditures are lower than the new target by 762 million Euros while State Budget total revenues (Ordinary and Investment Budget) are increased by 110 million Euros.
(source: Finance Ministry, capital)
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