ND criticises divergence from budget targets

Main opposition New Democracy deputy sector head for the economy Christos Staikouras on Tuesday criticised the government's economic policy, saying that the execution of the budget highlighted the mistaken forecasts that it was based on and the divergence from the targets of the Memorandum. "Revenues are collapsing, primary spending is growing, the public investments programme is sinking and the deficit is widening," Staikouras noted. Revenues, especially, were 2.16 billion euro or 11.8 percent lower than targets in January-May 2011.

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