Greece's state budget deficit fell 29 pt in the first two months of 2011 to 1.17 billion euros from 1.61 billion euros in the same month last year, the Bank of Greece announced on Monday.

The central bank, in a monthly report, said budget revenues fell 10 pct to 7.608 billion euros at the end of February, from 8.460 billion in February 2010, while budget spending rose slightly to 8.572 billion euros, from 8.555 billion euros over the same period, respectively.